Yahoo Inc. on Tuesday reported a fourth-quarter profit of $351.67 million, or 33 cents a share, compared with a profit of $273.65 million, or 23 cents a share for the year-earlier period. Adjusted revenue, minus traffic acquisition costs, was $1.2 billion, down from $1.22 billion. Adjusted profit was 46 cents a share. Analysts polled by FactSet on average were expecting Yahoo to report a profit of 39 cents a share, on adjusted revenue of $1.2 billion. The company reported a 6% year-over-year decline in display ad revenue, a bigger drop than consensus estimates. Yahoo shares fell more than 5% after-hours.
Source: Marketwatch
Source: Marketwatch
