Search

enhanced by Google

latest music news

Yahoo's 4Q earnings top forecasts

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 on Monday covered Yahoo's first full quarter under CEO Marissa Mayer. Yahoo lured Ms Mayer away from Google in mid-July.

Ms 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% from the previous year to 272 million dollars (173 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% from the previous year to 1.35 billion dollars (860 million). It left Yahoo with its first revenue gain for the full year since 2008.

be the first to comment

Add your comment
Bookmark and Share
music videosAlt TextI Am Everyoneliveradiomobile downloads