is expected to post an increase
in quarterly profits from the year-ago period when it reports results after
the stock market closes today.
The third-quarter results of the Internet directory will be closely watched
on Wall Street. Like Amazon.com and America Online, Yahoo is a barometer of the
health of highly volatile Net stocks.
Other Net companies will report later in the month, including Excite, Infoseek, and @Home.
Yahoo shares were trading down today. At midday, the stock was down more
than 6 percent. Other Net stocks were trading lower as well.
According to First Call, the mean estimate for Yahoo's third-quarter results is 9 cents a share, up from 2 cents a share posted for the like quarter a year ago. The range of broker estimates is between 9 cents and 10 cents a share.
For the year, Yahoo stock has appreciated about 237 percent.