Yahoo Profit Surges On Alibaba Stake Sale, Tops Estimate - Quick Facts

(RTTNews) - Yahoo! Inc (YHOO) Tuesday reported third-quarter net earnings of $6.8 billion or $6.70 per share compared with $297 million or $0.28 per share last year.

Results for the 2014 quarter included a gain from sale of Alibaba Group Holding Ltd (BABA) shares of $6.3 billion, net of tax.

Excluding items, adjusted earnings for the quarter were $0.52 per share compared with $0.34 per share a year ago.

On average, 23 analysts polled by Thomson Reuters estimated earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $1.15 billion compared with $1.14 billion in the prior year.

Excluding traffic acquisition costs, revenues for the quarter were $1.09 billion compared with $1.08 billion a year ago. Twenty-three analysts had a consensus revenue estimate of $1.04 billion.