Marissa Mayer, Yahoo CEO (file photo)
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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."
