Yahoo quarterly profit slips along with revenue
Arab Today
Yahoo said Tuesday its quarterly profit slipped from the same period a year ago, when its coffers were swelled by the sale of shares in China's Alibaba. Yahoo reported earnings of $297 million on revenue of $1.139 billion in the quarter that ended September 30. The profit was 91 percent less than was taken in during the same period last year, when Yahoo sold part of its stake in the Chinese e-commerce giant.
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