Yahoo! meets market expectations with their results

Yahoo! meets market expectations with their results

Search engine giants and operators of the world’s most popular website Yahoo! Inc. has posted results, which are in line with the market expectations. They are continuing to gain more revenues from the online advertisement market as Yahoo! continues their offense on the market leaders Google.

The earnings from the online advertisement market countered the slowing down paid search ad market. Yahoo! shares gained 6% in the market after the results were announced.

Yahoo! also forecasted a second-quarter revenue behind some Wall Street estimates. However, they are committed to their target for the full year. Market analysts believe that the company is doing well against their prime competitors Google that leads the search engine and online advertisement market.

Yahoo! however has an advantage when it comes to graphical, or display advertising, such as online banners. Its net income for the first quarter fell to $160 million from $204.6 million last year. Gross revenues were up by around 34 percent to $1.57 billion.