Yahoo! Posts Q3 Growth

Yahoo! reported last Wednesday that nearly 70 percent of its third-quarter revenue came from marketing services. The Sunnyvale, Calif.-based Web portal posted advertising revenue of $245.1 million, a 48 percent increase from the year-ago quarter. Overall third-quarter revenue rose 43 percent to $356.8 million. Net income totaled $65.3 million or 10 cents per share, compared with $28.9 million or 5 cents per share in the year-earlier quarter.