Yahoo's quarterly profit dropped by 26 percent as it struggled to enhance earnings from online ads. Net profits in the 3rd quarter had been $296 million compared with $396 million in the course of the similar period previous year.
Past month, Yahoo sacked CEO Carol Bartz after its online income failed to keep swiftness with those of competitors Facebook and Google. Nevertheless, its performance beat market anticipations, and its shares ended three percent higher. Yahoo's net income in the 3 months to September was $1.07 billion, compared with $1.12 billion a year ago. "My concentration, and that of the entire firm, is to move the business ahead with new partnerships, products, technology and premium personalized content," whispered interim CEO Tim Morse.
Yahoo has been seeking for a new CEO since sacking Ms. Bartz in September among mounting aggravation at failed attempts to turn the company around. Forecasters say that in recent weeks there has been rising conjecture that Yahoo, or parts of its business, may be sold to a variety of buyout companies.
There have been rumors that Microsoft is thinking over a second effort at a takeover. Microsoft previously offered to purchase Yahoo for $47 billion in 2008. China's internet company Alibaba has already whispered it may be interested in purchasing Yahoo.
