Yahoo Profit Meets Forecasts, But Revenue Falls Short

Yahoo delivered quarterly earnings that met analysts' expectations, but revenue fell short of forecasts and the company said revenue for the current quarter would also be shy of expectations.

Yahoo [YHOO 15.69 0.01 (+0.06%) ] shares fluctuated in after-hours trading. (Click here for latest quote.)

The Internet search giant reported fourth-quarter earnings excluding items of 24 cents per share, unchanged from 24 cents per share a year ago.

Revenue was $1.17 billion, down from $1.21 billion in the year-earlier period.

Analysts had expected the company to report earnings excluding items of 24 cents a share on $1.19 billion in revenue, according to a consensus estimate from Thomson Reuters.

Read Full Article from CNBC.com

- Posted: 2012-01-24 15:25:43

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