Internet, Quarterly Profit | featured news

The company reported net income of $7 million, or 1 cent a share, on sales of $12.8 billion. It was less profit than analysts had estimated, but the revenue was in line with forecasts.

Chinese search engine Baidu reports an 80% surge in profits for the third quarter, boosted by increased advertising sales.

Internet giant Yahoo posts a $153m profit in the fourth quarter, but says sales are continuing to fall.

Google's fourth-quarter earnings soared as the Internet giant posted strong growth in advertising clicks and avoided big charges that weighed down prior-year results.

EBay's profit nearly quadrupled on strength in PayPal and the core marketplace business as well as a $1.4 billion gain from the selling a majority stake in Skype.