Yahoo sales growth 'disappoints'
Search engine Yahoo has reported lacklustre sales growth in the third quarter which disappointed analysts.
Group revenue for the three months to September rose just 2% from a year earlier to $1.6bn (£1bn). That compared with a 23% increase at rival Google.
Although net profit more than doubled to $396m from a year ago, the figure was boosted by a one-off gain from the sale of its "HotJobs" search engine.
Yahoo's forecast for the next quarter also fell short of expectations.
The company projects revenue of between $1.125bn and $1.225bn in the fourth quarter. Market watchers had been looking for revenue of $1.26bn.
"The revenues were a little bit light and the guidance is also sort of uninspiring," commented Clay Moran, analyst at the Benchmark Company.