Earnings & Sales Reports, Search Engine | featured news

Yahoo Inc has managed to meet low third quarter earnings targets, a rare feat for a company that has continually disappointed investors.

The online media company shows flat revenue and sees little growth ahead. Ouch. Yahoo! reported net income for the quarter ended June 30 of $213 million, or 15 cents per share, a 51% increase over the year ago quarter and beating Street’s consensus. Analysts’ consensus leading up to the quarterly earnings report had the online media company coming in at 14 cents per share on revenue of $1.6 billion. Though beating the predictions, Yahoo! failed to deliver impressive growth on revenue; posting the expected $1.6 billion this quarter, up 2% from the same period last year.

Google's third-quarter earnings rose 27% as the company saw improvement in the online advertising market. Revenue rose 7.3%.

Google Inc. late Thursday reported a second-quarter profit that topped Wall Street estimates thanks to tight cost controls, though the Internet giant's numbers for the period also reflected meager revenue growth due to less online advertising.

An anemic ad market is expected to depress the Web portal's Q4 earnings.

Google just released fourth quarter earnings. Net Income was down a whopping 68 percent to $382 million (compared to $1.2 billion a year ago), primarily because of a $1 billion impairment charge related Google's ownership stakes in AOL (for which it took a $726 million writedown) and Clearwire ($355 million writedown).