engine - 9:25 am on Apr 22, 2009 (gmt 0)

Yahoo Q1 Revenues of $1.58 billion [reuters.com]

In the first full quarter under Bartz's leadership, Yahoo generated revenue of $1.58 billion, down 13 percent from the year-ago period. Excluding traffic acquisition costs (TAC), Yahoo's revenue was $1.16 billion, compared with the average analyst expectation of $1.2 billion, according to Reuters Estimates. The Sunnyvale, California-based company reported a net profit in the first quarter of $118 million, or 8 cents a share -- down from $537 million, or 37 cents a share, a year earlier. Wall Street analysts, on average, had forecast earnings at 8 cents a share, according to Reuters Estimates. Chief Financial Officer Blake Jorgensen told Reuters there were "still very dark clouds on the horizon" for the economy.