Yahoo profit drops

[temi]

Yahoo posted a slight drop in quarterly net profits on Tuesday due to weak spending from corporate advertisers, while investors waited for a signal on the company's next moves after a 100-day strategic review.
Yahoo said its third-quarter net profit fell to $151 million, or 11 cents per share, from $158.5 million, or 11 cents per share, in the year-ago period when the company had significantly more shares outstanding.
Gross revenue rose 12 percent to $1.77 billion. Excluding the cost of payments to advertising partners, revenue rose 14 percent to $1.28 billion.

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[stevekristen]

Yeah, I know a little bit about today i read article in which i read that Yahoo are not getting the expected from kelkoo. SO i think it is not happy with the kelkoo performance.

It might be the reason for the yahoo drop profit.

 

[technologyslice]

They're planning on laying off quite a few employees too.