Yahoo quarterly profit slides but revenue up
Yahoo reported a 93% slide in quarterly profit from a year ago
New York - Arab Today
Yahoo reported Tuesday a 93 percent slide in quarterly profit from a year ago but said revenues were up in positive sign for the struggling Internet pioneer.
Net profit for the first quarter tumbled to $21.1 million from $312 million in the same period last year, amid what chief executive Marissa Mayer called "encouraging revenue growth" of eight percent.
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