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Today Yahoo reported its first quarter financial performance, including revenue of $1.14 billion, and earnings per share of $0.35 on a GAAP basis, and $0.38 on a non-GAAP basis. Analysts and the street had expected revenue of $1.1 billion, and earnings per share of $0.25.
For the quarter, Yahoo had display revenue of $455 million, and search revenue of $425 million. Both of those figures are down on a year by year basis. Still, as the company noted in its release, its GAAP income on a yearly basis is up, rising from $169 million in the first quarter of 2012, to $186 million in the past quarter.
For reference, display revenue for the company was $591 million in its last quarter, and search revenue of $482 million.Yahoo Q1 Revenue $1.14 Billion, Down From $1.22 Billion A Year Ago [thenextweb.com]