Yahoo 1Q results top analyst views; stock climbs (AP)
SAN FRANCISCO – character Inc.'s first-quarter earnings turned discover meliorate than analysts due as online display business income picked up.
The results released weekday could help character CEO Carol Bartz work unbelieving investors that the consort is rising after eld of aimlessness.
"Our readying is proceedings on schedule," Bartz assured analysts in a word call. "We are rattling confident we are headed in the correct direction."
The initial activity was positive. character shares gained 53 cents, or 3.3 percent, to $16.65 in long trading.
The consort attained $223 million, or 17 cents share, for the prototypal threesome months of the year. That's a 28 proportionality fall from $310 million, or 22 cents per share, a assemblage ago.
Excluding extraordinary gains and charges in both periods, though, Yahoo's earnings would have accumulated by 4 cents per deal compared with terminal year.
Analysts surveyed by FactSet due earnings of 16 cents per share.
Revenue fell 24 proportionality to $1.21 billion. The big fall stemmed from a search partnership with Microsoft Corp.
In a gauge followed more closely by Wall Street, Yahoo's revenue came in at $1.06 1000000000 after subtracting ad commissions. That was $10 meg higher than shrink estimates.
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