Yahoo has reported net income of $210,000 in some strong first quarter results defying analyst predictions of a loss.
Analysts had been expecting the Internet search and directory company to report a net loss of 3 cents a share for the period but share prices began climbing steadily in the run up to the results.
The company?s traffic grew to an average of more than 30 million page views per day during the month of March, a 50 percent increase over the 20 million page views per day average reported in December. ?We are pleased with the increased use of our services as measured in page views, which has grown five fold from a year ago,? said Tim Koogle Yahoo?s president and chief executive officer.
He also said the company had added several major advertising accounts during the quarter, including Johnson & Johnson, Lufthansa, Novell Inc, and United Parcel Service of America Inc.
Yahoo will continue to expand its distribution next month when it launches the Netscape Guide following a joint agreement between the two companies.
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