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Yahoo reports sales drop, revamps homepage

Published: 21/07/2009 05:00

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Yahoo Inc. on Tuesday unveiled a new homepage and posted a decrease of quarterly sales which met expectations.

A Yahoo! sign is seen in New York’s Times Square November 18, 2008.(Xinhua/Reuters Photo)

In the quarter ended on June 30, the Internet company’s revenues were 1.57 billion U.S. dollars, down 13 percent from the same period last year.

Excluding fees passed on to partner sites, revenues were 1.14 billion dollars, in line with analysts’ estimates though lower than 1.35 billion dollars in the year-ago quarter.

Yahoo’s net income in the second three months this year was 141million dollars, an increase of about eight percent from 131 million dollars a year earlier. Excluding some expenses, earnings per share was 16 cents, the same as last year.

“I’m pleased with our results this past quarter. We established a clear, simple vision to be the center of people’s lives online, and we’re backing that vision with important initiatives to create ’wow’ experiences for our users,” Carol Bartz, Yahoo’s chief executive officer (CEO), said in a statement.

“We’re confident that this vision will put us on the right path to growth and profitability long term,” she added.

Yahoo also announced that its redesigned homepage is available to users in the United States starting from Tuesday and will be rolled out in France, India and Britain over the coming week.

The new homepage “brings together the best of the Web with the best of Yahoo in a single destination across both PC and mobile screens,” Yahoo said in a press release.

The company noted that the revamp represents the most significant change to the Yahoo homepage since its inception.

“Our new homepage is a perfect example of our efforts to create innovative products aimed at increasing user engagement while offering the most compelling advertising proposition in the industry,” Yahoo CEO Bartz said.

VietNamNet/Xinhuanet

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