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Yahoo Q1 Profit, Revenue Down, but CEO Calls Results Solid

Yahoo’s revenue and profit slid significantly in the first quarter, but the company’s performance was in line with Wall Street’s expectations. The revenue drop is in part due to a change in how it recognizes the part of its revenue derived from its search advertising agreement with Microsoft. Yahoo’s net revenue was $1.06 billion, down 6 percent year on year but matching the consensus estimate from analysts polled by Thomson Financial. CEO Carol Bartz: “We continue to make headway on our plan to increase profitability and grow revenue””]

Source: https://www.csoonline.com/article/2128219/yahoo-q1-profit–revenue-down–but-ceo-calls-results-solid.html

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