Washington: Embattled Internet firm Yahoo has reported a four percent gain in net revenue to 1.22 billion dollars in the fourth quarter, when an increase in search advertising sales offset weakness in the firm’s display ad business.
Net revenue excluded fees shared with partner websites.
The company forecast net revenue of 1.07 billion dollars to 1.1 billion dollars in the current quarter, trailing the 1.1 billion dollars that Wall Street analysts expect on average.
According to Fox Business, shares in Yahoo were up 1.5 percent in after hours trade.
They had risen 4.5 percent before the revenue projections were disclosed on an analysts'' conference call.
The company said on Monday its fourth-quarter net income was 272.3 million dollars, or 23 cents per share, versus 295.6 million dollars, or 24 cents per share in the year-ago period, the report said.
Excluding certain items, Yahoo said it had earnings per share of 32 cents, versus the average analyst expectation of 28 cents, the report added.
First Published: Tuesday, January 29, 2013, 10:39