Yahoo reports sales drop, revamps homepage

SAN FRANCISCO, July 21 (Xinhua) -- Yahoo Inc. on Tuesday unveiled a new homepage and posted a decrease of quarterly sales which met expectations.

A Yahoo! sign is seen in New York's Times Square November 18, 2008.(Xinhua/Reuters Photo)

In the quarter ended on June 30, the Internet company's revenues were 1.57 billion U.S. dollars, down 13 percent from the same period last year.

Excluding fees passed on to partner sites, revenues were 1.14 billion dollars, in line with analysts' estimates though lower than 1.35 billion dollars in the year-ago quarter.

Yahoo's net income in the second three months this year was 141million dollars, an increase of about eight percent from 131 million dollars a year earlier. Excluding some expenses, earnings per share was 16 cents, the same as last year.