Yahoo posted quarterly net income of $253.3 million, or 17 cents per share, including a gain of $129 million from the sale of a quarter of its Google shares and associated tax benefits.

Excluding those items, Yahoo's profit would have been $124 million, or 9 cents per share, matching analysts' average call, according to Reuters Estimates.

Yahoo earned $65.3 million, or 5 cents per share, in the third quarter of 2003, when it was still sharing revenue with search advertising company Overture Services, which it bought one year ago as part of a $1 billion investment in search.

Revenue, excluding the fees Yahoo pays to its advertising partners, was $655.4 million, up from $356.8 million last year, to beat analysts' average call of $644.7 million.

Yahoo forecast fourth-quarter revenue, excluding traffic acquisition costs, of $710 million to $760 million. Analysts' forecasts had been in the range of $694 million to $774.2 million, excluding such costs.

By: DocMemory
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