Yahoo Beats Earnings Expectations in Second Quarter

Yahoo announced its second quarter earnings on Tuesday, beating earnings forecasts but missing slightly on revenue

Yahoo reported earnings of $0.35 share on revenue of $1.07 billion after ad commissions, a revenue decline of 7% over last year. Analysts were expecting earnings of $0.30 a share on revenue of $1.08 billion.

As expected, Yahoo reported a 11% decline in display advertising revenue compared to the same period last year. Yahoo sold about the same number of ads, but its price per ad fell 12%. Total display revenue amounted to $423 million.

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