News Column

Yahoo Earnings Down, Profits Up in Q1

April 16, 2013
Marissa Mayer, Yahoo CEO (file photo)
Marissa Mayer, Yahoo CEO (file photo)

Yahoo reported lower revenue Tuesday for the first quarter but earnings rose thanks to cost-cutting by company head Marissa Mayer.

The struggling internet pioneer said that its revenues were 1.14 billion dollars, a 7-per-cent decline from a year earlier. But profits rose to 390 million dollars, compared to 286 million dollars in the year ago quarter.

"I'm pleased with Yahoo!'s performance in the first quarter," said Mayer in a statement. "We saw continued stability in our business, strengthened our team, and started the year with fast execution against our products and partnerships."






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