Tech

Yahoo 4Q Earnings Top Expectations; 1st Revenue Gain Since 2008

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The Yahoo logo is seen on a sign outside of the company's headquarters in Sunnyvale. (Justin Sullivan/Getty Images)

The Yahoo logo is seen on a sign outside of the company’s headquarters in Sunnyvale. (Justin Sullivan/Getty Images)

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.

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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