Business News
Yahoo revenues, income slide
Oct 18, 2011, 21:38 GMT
San Francisco - Yahoo reported a slide in quarterly income and revenue Tuesday, but put a brave face on the results which were not as bad as analysts had feared.
The struggling web pioneer, which fired its contentious CEO Carol Bartz last month, said revenue dropped 5 per cent to 1.072 billion dollars while income decreased 6 per cent to 177 million dollars.
'We're pleased that revenue, operating income and EPS were all above consensus this quarter,' said Tim Morse, Yahoo's Interim CEO. 'My focus, and that of the whole company, is to move the business forward with new technology, partnerships, products, and premium personalized content - all with an eye toward growing monetization.'
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