Yahoo reports flat second-quarter revenue (Reuters)
Written on Jul 16, 2012 | by Stephanie Brodribb
Net revenue, which excludes fees paid to partner websites, was 1.081 billion in the three months ended June 30, compared to 1.076 billion at this time last year.
Analysts polled by Thomson Reuters I/B/E/S were looking for net revenue of 1.096 billion.
Yahoo’s second-quarter net income was 226.6 million, or 18 cents a share, down slightly from roughly 237 million, or 18 cents a share, in the year ago period.
Excluding certain items, Yahoo said it earned 27 cents a share.
Shares of Yahoo were up 5 cents at 15.65 in after-hours trading on Tuesday.
Tuesday marked the first day on the job for newly-hired Yahoo CEO Marissa Mayer, a former Google executive.
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