Arab Today, arab today yahoo profit off 5 in quarter as woes continue
Last Updated : GMT 09:51:30
Arab Today, arab today
Arab Today, arab today

Yahoo! profit off 5% in quarter as woes continue

Arab Today, arab today

Arab Today, arab today Yahoo! profit off 5% in quarter as woes continue

San Francisco - AFP

Ailing Internet giant Yahoo! said Tuesday that revenues and profits dropped in the fourth quarter, capping off its third straight year of declining results. The earnings did not surprise, after boardroom battles and the departure of another chief executive hobbled efforts to turn the still-popular Internet anchor around. Fourth-quarter net earnings declined 5.3 percent from a year earlier, as revenues dropped 13 percent. Earnings from core operations increased a solid 10 percent during the quarter, to $242 million from $220 million, Yahoo! said. But net income fell to $296 million, down from $312 million a year earlier, with adjusted earnings per share stable at 24 cents. Overall revenues shrank 13 percent to $1.32 billion from $1.525 billion a year earlier. Revenues excluding traffic acquisition costs -- the commissions Yahoo! shares with partners in the search ads business -- were three percent lower. Chief executive Scott Thompson, who only joined the company days after the fourth quarter ended on December 31, put a good face on the report. \"Yahoo! continued to make progress in the quarter with operating income increasing 10 percent year-over-year,\" he said in a statement. For the year the results were similar. Revenues after commissions were down five percent, partly blamed on the cut Microsoft takes from its shared search operations. Operations income was up 3.5 percent for the year to $800 million, but net earnings fell 14.6 percent to $1.06 billion, and earnings per share for the year fell to 82 cents from 90 cents. \"The year over year decrease was primarily due to the revenue share related to the search agreement with Microsoft,\" it said in a statement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yahoo profit off 5 in quarter as woes continue Arab Today, arab today yahoo profit off 5 in quarter as woes continue

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yahoo profit off 5 in quarter as woes continue Arab Today, arab today yahoo profit off 5 in quarter as woes continue

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday