Yahoo on target for revenue expectations

San Francisco: Yahoo has announced the fourth quarter result and has posted net income of $153 million, meeting Wall Street expectations. The company has announced 11 cents a share, matching analysts' average per-share forecast. Yahoo said revenue in the three months ended December 31 totaled $1.73 billion, compared with $1.81 billion in the fourth quarter of 2008, according to Reuters. 

Last year Yahoo had suffered net loss of $303 million, or 22 cents per share, after more than $500 million of write-downs and restructuring charges. This year excluding traffic acquisition costs, Yahoo said revenue was $1.26 billion, a hair above the average analyst expectation of $1.23 billion.

Yahoo has also forecasted the revenue of the coming first quarter, which it claims would be in range of $1.575 billion and $1.675 billion. The midpoint of the range would represent the first year-on-year revenue increase in six quarters.