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Yahoo has released the first quarter financial results, that have failed to hit the estimated figures. Some key figures from the results are:

• Revenues were $1,672 million for the first quarter of 2007, a 7 percent increase compared to $1,567 million for the same period of 2006.
• Gross profit for the first quarter of 2007 was $958 million, a 5 percent increase compared to $909 million for the same period of 2006.
• Operating income for the first quarter of 2007 was $169 million, a 16 percent decrease compared to $201 million for the same period of 2006.
• Net income for the first quarter of 2007 was $142 million or $0.10 per diluted share compared to $160 million or $0.11 per diluted share for the same period of 2006.

A key aspect to note here is that the net income has decreased from $160 million for the same period last year to $142 million this year. The announcement was enough to make the stock lose 6% market share in post market trading. Yahoo’s only success this year has been a search advertisement deal with Viacom, which was also a free home run considering Viacom’s current relations with Google. Other than that Yahoo has failed to click, as Google continues to Double Click.