Yahoo has posted Q2 earnings of three cents per share. The figure represents a dramatic turn round from the loss of nine cents per share made in the corresponding period last year. For Q2 Yahoo saw its sales rise by 24% to $225.79 million. The company made a net profit of $21.39 million in Q2.
Yahoo also revealed that it expects to generate sales of between $225-250 million in Q3. Sales for the full year are predicted to be between $900 and 940 million.
EBITDA improved to $36.11 million from the corresponding period last year and Yahoo’s after tax cash EPS also increased to eight cents per share compared with a loss of two cents per share a year ago.