Yahoo Revenues Slide, So Do Shares

24/7 Wall St.

Yahoo_LogoYahoo! Inc. (NASDAQ: YHOO) reported first-quarter fiscal 2013 results after markets closed today. For the quarter, the internet portal posted adjusted diluted earnings per share (EPS) of $0.38 on revenues of $1.14 billion. In the same period a year ago, the company reported EPS of $0.27 on sales of $1.22 billion. First-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.24 EPS and $1.1 billion in sales.

GAAP revenue, which excludes traffic acquisition costs (called “revenue ex-TAC”), totaled $1.07 in the first quarter of 2013, flat with the same period a year ago. GAAP EPS totaled $0.35, which also excludes stock-based compensation expenses.

The company’s CEO said:

We saw continued stability in our business, strengthened our team, and started the year with fast execution against our products and partnerships. We are moving quickly to roll out beautifully designed, more intuitive experiences for our users. I’m…

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