Yahoo 4Q Earnings Top Expectations; 1st Revenue Gain Since 2008
SUNNYVALE (CBS/AP) — Yahoo’s fourth-quarter earnings topped analyst estimates as an upturn in its international investments helped end a three-year slump in revenue.
The results announced Monday covered Yahoo’s first full quarter under CEO Marissa Mayer. Yahoo Inc. lured Mayer away from Google Inc. in mid-July.
Mayer has been focusing on building better mobile and social networking services so Yahoo can make more money from two of technology’s hottest trends.
The company’s fourth-quarter earnings dipped 8 percent from the previous year to $272 million, or 23 cents per share. The earnings would have been higher than the previous year, if not for one-time accounting charges.
Yahoo’s fourth-quarter revenue increased 2 percent from the previous year to $1.35 billion. It left Yahoo with its first revenue gain for the full year since 2008.
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