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Yahoo Profit Rises, Increases Guidance
Wednesday October 8, 4:45 pm ET


LOS ANGELES (Reuters) - Internet media company Yahoo Inc. (NasdaqNM:YHOO - News) on Wednesday posted a larger profit for the third quarter, boosted by strength in its advertising and premium services businesses, and its stock rose as the company raised its earnings estimates for the year.
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Sunnyvale, California-based Yahoo reported a net profit of $65.3 million, or 10 cents per share, compared with a year-earlier profit of $28.9 million, or 5 cents per share. Revenue was $356.8 million, compared to $248.8 million in the same period last year.

The average estimates of analysts surveyed by Reuters Research, a unit of Reuters Group Plc, was for earnings per share of 9 cents on revenue of $337.2 million.

For the fourth quarter, Yahoo forecast operating income before depreciation and amortization of $130 million to $150 million and revenue excluding certain costs of $462 million to $502 million. Analysts surveyed by Reuters Research had expected OIBDA of $120.1 million on revenue of $372 million.

For the fiscal year, Yahoo raised its guidance to OIBDA of $428 million to $448 million on revenue excluding some costs of $1.42 billion to $1.46 billion.

It had previously expected OIBDA of $375 million to $400 million on revenue of $1.26 billion to $1.31 billion, and analysts were expecting OIBDA of $401.8 million and revenue of $1.31 billion, according to Reuters Research.

Yahoo shares rose in after-hours trade to $40.05 on Instinet from a close of $38.79 on the Nasdaq.

[Now coming back down in A/H, still green though. Numbers are ok imo for a good day tomorrow]