Yahoo Revenue Down in Fourth Quarter
On Tuesday, Yahoo reported weaker revenue and better profits in the most recent financial quarter.
The web giant took in $1.27 billion in the fourth quarter of 2013 compared to $1.35 billion from the previous year. That's a 6 percent dip, and softness in display advertisements contributed.
On the other hand, net income was up from $273.65 million to $351.67 million, and Wall Street analysts had prepared themselves for the announcement of a modest financial quarter.
Weighing all of this were after-hours traders, who sent the price of Yahoo stock down about 4 percent.
"I'm encouraged by Yahoo's performance in Q4 and 2013 overall," said Yahoo CEO Marissa Mayer. "We saw continued stability in the business, and our investments allowed us to bring beautiful products to our users and establish a strong foundation for revenue growth."