Reuters: Technology News: Yahoo posts flat first-quarter revenue on declining display ad sales

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Yahoo posts flat first-quarter revenue on declining display ad sales Apr 16th 2013, 20:21 Tweet Share this Email Print Related News Instant View 2: Yahoo's main ad business shrinks again, Intel in line 4:28pm EDT Analysis & Opinion Is this story less than the Summly of its parts? Related Topics Investing and Taxes Simplified » Tech » 1 of 2. The Yahoo logo is shown at the company's headquarters in Sunnyvale, California April 16, 2013. Credit: Reuters/Robert Galbraith By Alexei Oreskovic SAN FRANCISCO | Tue Apr 16, 2013 4:28pm EDT SAN FRANCISCO (Reuters) - Yahoo Inc's net revenue in the first quarter was flat year-on-year, as the Internet company's display advertising business experienced declining revenue for the second quarter in a row. Shares of Yahoo, which have surged more than 50 percent since Chief Executive Marissa Mayer took the helm in July, fell 3.7 percent to $22.91 in after-hours trading on Tuesday. Yahoo said it earned $390 million, or 35 cents a share in the first three months of the year, compared to $286 million, or 23 cents in first quarter of 2012. Net revenue, which excludes fees shared with partner websites, was $1.07 billion in the first quarter, roughly flat from the year-ago period, according to Yahoo. Revenue from display ads fell 11 percent year-on-year, excluding certain items, in the first quarter. Search advertising revenue rose 6 percent year-on-year on an adjusted basis. (Reporting By Alexei Oreskovic; Editing by Bernard Orr) Investing and Taxes Simplified Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions