Yahoo's 4Q earnings top Street views

Print
Email
|

Associated Press

Posted on January 28, 2013 at 4:01 PM

Updated Monday, Jan 28 at 4:02 PM

SAN FRANCISCO (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.

Print
Email
|