Yahoo Earnings: Mayer Lays Foundation For A Turnaround
by Trefis
Yahoo! (YHOO) reported fourth quarter and full year earnings Monday, January 28. The company posted net revenues (excluding traffic acquisition costs) of $1.2 billion, an increase of 4% year-over-year and a 10% increase in non-GAAP (Generally Accepted Accounting Principles) operating income, which was $283 million compared to $259 million in 2011. Despite the encouraging top line growth, Yahoo!’s display ad revenues fell 5% year-over-year in the fourth quarter, and 2% year-over-year for the whole year. [1] read more »
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