Internet Stocks : Yahoo! (YHOO) Reports the Strongest Quarter In the FY2009

In the FY2009, Oct-Dec quarter was the best quarter for Yahoo! Inc. (NASDAQ:YHOO) as it swung to profit compared to loss in the corresponding period of the last year. In addition to this, the company reported a fall of4.10% in its sales and beat the analysts’ estimates.

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Yahoo earned $119 million, or 11 cents a share, during the final three months of 2009, recovering from a loss of $278 million, or 22 cents a share, in a year-ago period. This was in-line with the anlysts’ estimates of 11 cents a share.

For the Fourth-quarter ended on Dec 31, 2009, Yahoo! Reported that its net revenue fell to $1.26 billion from $1.38 billion, still topping the Wall Street estimates of $1.23 billion.

Yahoo Chief Executive Carol Bartz said during a conference call with analysts that the company's narrowed revenue decline was "pretty darn good," in light of an overall dip in advertising spending. Bartz added that, "Things seem to be returning to a more normal state."

For the next quarter, the company sees net revenue to be roughly between $1.13 billion-$1.2 billion. Analysts have been looking for first-quarter net revenue of $1.16 billion, according to Thomson Reuters.

Shares of Yahoo rose more than 2.70% to $16.42 in the opening session.

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