Yahoo today after trading hours reported flat third-quarter net income and a 47% jump in revenue, as online advertising continued to surge. Yahoo said net income was essentially unchanged at $254 million, or 17 cents a share, compared to $253 million, or 17 cents a share, in the same period a year ago. The result exceeded the 14 cents per share expected by some analysts. Yahoo's net income faced a tough comparison from a year earlier, when results were boosted by $129 million, or nine cents per share,*because of its sale of shares in Google Inc. and related tax benefits. Net income in the third quarter was boosted by $16 million, or one cent per share, as a result of sales of investments. Revenue rose to $1.3 billion from $907 million. Excluding commissions paid to marketing partners, Yahoo reported quarterly revenue of $932 million, slightly above its projection of $880 million to $930 million. Yahoo left its 2005 revenue projection on that same basis basically unchanged, at $3.66 billion to $3.71 billion.

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