Internet search massive Yahoo! has posted third-quarter revenues greater than expectations, as it strive to turn around its fortunes.

A report issued by the US-based company exposed a 12 per cent raise in revenues for the three months to September 30th. Revenues rose to $1.8 billion (£886 million) over the period, up from the $1.6 billion (£788 million) reported for the related period of the previous year.

However extra operating expenses saw net profits slip back a little, lessening by five per cent to $151 million (£74 million).

Yahoo's total operating expenses skip to $877.1 million (£432 million), compared with $696.9 million (£343 million) in the same quarter of last year. The company's expenses on product development and sales and marketing both increased over the third quarter.

Refer : http://www.inthenews.co.uk/news/buisness/yahoo-results-exceed-expectations-$1151407.htm