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SANTA CLARA, Calif. (Reuters) - Internet media giant Yahoo Inc.(YHOO.O) on Tuesday posted higher third quarter sales and earnings that surpassed most official forecasts.

Yahoo, the first of the major Internet companies to report results, said it earned $81.1 million or 13 cents per diluted share on a pro forma basis in the third quarter, compared with $38.5 million or 6 cents per share in the year-ago period.

Net income rose to $47.7 million or 8 cents per share from $11.1 million or 2 cents per share last year.

The pro forma earnings compared with the consensus analyst estimate for earnings of 12 cents per share, according to First Call/Thompson Financial.

Revenues rose to $295.6 million from $155.9 million in the year-ago quarter. Analysts on average had expected Yahoo to post revenues of $281 million, according to First Call. Reut16:43 10-10-00
 
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Autor (Datum des Eintrages): EL-Jafco  (10.10.00 22:52:17)
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