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January 29, 2014 05:23 am GMT

Yahoo's Mayer: I Will Be More Involved in the Company's Revenue

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Yahoo CEO Marissa Mayer called the recent firing of the company's chief operating officer "regrettable" during a fourth quarter earnings call on Tuesday, but added that Henrique de Castro was "not a fit."

Mayer also said that de Castro's position would not be filled, providing her with an opportunity to become more involved with Yahoo's revenue.

See also: Marissa Mayer Reveals the Future of Yahoo Advertising

The comments came during the question and answer period of the call. Yahoo had earlier reported profits that beat analyst expectations, but shares moved between 3% and 6% lower in afterhours trading. Yahoo touted traffic growth and a rise in total ads sold to distract from a decline in revenue in the fourth quarter of 2013 Read more...

More about Yahoo, Marissa Mayer, Business, Advertising, and Media

Original Link: http://feeds.mashable.com/~r/Mashable/~3/N0JbH0mtntc/

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