Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
NEW YORK Yahoo! shares rose 73 cents to close at $34.96 this afternoon on the Nasdaq following yesterday’s report that third-quarter net income nearly quadrupled, thanks in part to the Web portal’s sale of some Google stock.
The Sunnyvale, Calif.-based company posted Q3 net income of $253 million, or 17 cents per diluted share, up from $65 million, or 5 cents per diluted share, in the year-ago quarter. Of that, some $129 million, or 9 cents per share, came from Yahoo!’s sale of a portion of its stake in Google following the Mountain View, Calif.,
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in