Yahoo!’s quarterly profit more than doubled but revenue fell short of the Street’s expectations.

The lackluster results came as CEO Carol Bartz faces pressure to engineer a turnaround at the struggling Internet giant, which is losing advertising ground to Google and Facebook.

The company is also dealing with rumors that private-equity firms may take a run at the company. Bartz declined to comment about takeover speculation on the earnings call.

In the third quarter, Yahoo! posted profit of $396 million, or 29 cents a share, up from $186 million, or 13 cents, in the year-ago period, thanks largely to a gain from the sale of its HotJobs sites.

Revenue, excluding fees paid to partners, was $1.12 billion, slightly below the $1.13 billion analysts had forecast.

“We delivered a solid quarter with good display advertising revenue growth, big gains in operating income and margins that were double what they were last year,” Bartz said.