SAN FRANCISCO (AP) -- Yahoo's latest financial results show the
Internet company is still losing ground in the battle for online
The fourth-quarter breakdown announced Tuesday is the latest in
a succession of ho-hum performances.
Yahoo Inc. recently hired former PayPal executive Scott Thompson
as CEO in its latest attempt at a turnaround.
The company earned $296 million, or 24 cents per share, in the
October-to-December period. That is down 5 percent from $312
million, or 24 cents per share, a year earlier.
The earnings matched analysts' estimates. Fourth-quarter revenue dropped 13 percent from the previous year
to $1.32 billion.
After subtracting commissions, Yahoo's revenue totaled $1.17
billion. That was $20 million below analyst projections. It's the 13th straight quarter that Yahoo's net revenue has
declined from the prior year.
(Copyright 2012 by The Associated Press. All Rights Reserved.)