Yahoo!'s Profits Double
Apr 20, 2005, 8:15 AM
Yahoo! said it posted first quarter profits of $205 million, or 14 cents a share, double last year's 7 cents a share. Analysts, on average, predicted 11 cents a share. Yahoo!'s first quarter revenues came to $1.174 billion -- 55 percent greater than last year's $758 million. Research firm eMarketer preducts the online advertising industry to take in $11.5 billion this year, up from $9.5 billion in 2004.