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Update: Yahoo! Beats Estimates as Page Views Increase
Updated from 4:57 p.m. EDT
Internet portal Yahoo! (YHOO Quote) reported second-quarter earnings Tuesday that beat Wall Street estimates, helped by a sharp increase in advertising revenue as Web-page views rose 8.8%.
Yahoo! said second-quarter net earnings, excluding charges, rose to 12 cents a diluted share from 5 cents a share in second quarter of 1999. The consensus of analysts polled by First Call/Thomson Financial had forecast 10 cents a share in earnings. The results excluded certain acquisition-related charges and taxes related to some exercised stock options.
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