Quantcast


Last updated: February 20. 2013 3:59AM - 100 Views

Story Tools:

Font Size:

Social Media:

(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.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com