Printed from http://www.electronista.com

Yahoo disappoints analysts, posts decreasing quarterly revenue

updated 08:00 pm EDT, Tue April 16, 2013

Over $1.1 billion in revenue earned company $390 million

Yahoo today released quarterly financial results that approached, but fell short of, Wall Street expectations. The company's net revenue reached $1.07 billion, the low end of what the company forecast in January, with analyst estimates at $1.1 billion. Yahoo said it earned $390 million, or 35 cents a share in the first three months of the year, compared to $286 million, or 23 cents in first quarter of 2012.

The fallen revenues came as a result of a continuing drop in the company's display advertising sales, with an 11 percent fall year-over-year. Search advertising revenue offset some of the drop, with an increase of six percent year-over-year. Overall, the company saws a seven percent drop in revenue from the first quarter of 2012.

"I'm pleased with Yahoo!'s performance in the first quarter. We saw continued stability in our business, strengthened our team, and started the year with fast execution against our products and partnerships," said Yahoo! CEO Marissa Mayer. "We are moving quickly to roll out beautifully-designed, more-intuitive experiences for our users. I'm confident that the improvements we're making to our products will set up the company for long-term growth."



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. Bobfozz

    Fresh-Faced Recruit

    Joined: 07-28-08

    Are the WS guys running Yahoo and Apple?

    your comment

  1. airmanchairman

    Fresh-Faced Recruit

    Joined: 12-08-11

    "Yahoo said it earned $390 million, or 35 cents a share in the first three months of the year, compared to $286 million, or 23 cents in first quarter of 2012.

    The fallen revenues came as a result of...."

    "fallen revenues"?

    What is it about the obsessive propensity for nay-saying and negativism that makes educated journalists disregard the basic elements of arithmetic and mathematics?

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News