Yahoo profit falls 61 per cent in Q4

The company struggles to keep up with Google Inc among web search engines.

Yahoo Inc's fourth-quarter profit fell by 61 per cent from the same period last year due to delays in its newest Internet advertising software, the company said.

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Net income fell to $268.7 million. Sales, not including revenues passed on to partner sites, were up 15 per cent at $1.23 billion, the company said on Tuesday.

The company has struggled to keep up with Google Inc among web search engines.

Sales for 2006 were $6.4 billion, and earnings for the year were $751.4 million.