Yahoo! profit dips, but stays ahead of forecasts:
SAN FRANCISCO—Yahoo! said Tuesday its profit in the past quarter fell modestly in results reflecting upheaval at the struggling Internet pioneer, which named a new top executive this week.
The company, which appointed Marissa Mayer of Google as its new chief executive on Monday, said profit fell four percent to $226.6 million, in a report that was better than expected.
That translated to 27 cents per share excluding special items, ahead of analyst expectations of 23 cents a share.
Revenues excluding traffic acquisition costs, the key barometer for the Web giant, were flat at $1.08 billion, below most forecasts. Total revenues were virtually unchanged at $1.2 billion.
Th...
Keep on reading: Yahoo! profit dips, but stays ahead of forecasts
SAN FRANCISCO—Yahoo! said Tuesday its profit in the past quarter fell modestly in results reflecting upheaval at the struggling Internet pioneer, which named a new top executive this week.
The company, which appointed Marissa Mayer of Google as its new chief executive on Monday, said profit fell four percent to $226.6 million, in a report that was better than expected.
That translated to 27 cents per share excluding special items, ahead of analyst expectations of 23 cents a share.
Revenues excluding traffic acquisition costs, the key barometer for the Web giant, were flat at $1.08 billion, below most forecasts. Total revenues were virtually unchanged at $1.2 billion.
Th...
Keep on reading: Yahoo! profit dips, but stays ahead of forecasts
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