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.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.