Yahoo! Inc. Q2 Profit Drops 43%

(RTTNews) - Yahoo! Inc. (YHOO) released earnings for second quarter that dropped compared to the same period last year.

The company said its bottom line dropped to $86.96 million, or $0.09 per share. This was down from $152.52 million, or $0.16 per share, in last year's second quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $1.31 billion. This was up from $1.24 billion last year.

Yahoo! Inc. earnings at a glance:

-Earnings (Q2): $86.96 Mln. vs. $152.52 Mln. last year. -Earnings Decline (Y-o-Y): -43.0% -EPS (Q2): $0.09 vs. $0.16 last year. -EPS Decline (Y-o-Y): -43.8% -Analysts Estimate: $0.10 -Revenue (Q2): $1.31 Bln vs. $1.24 Bln last year. -Revenue Change (Y-o-Y): 5.6%