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Yahoo Inc. first-quarter net income fell to $223 million

SAN FRANCISCO (MarketWatch)
Yahoo Inc. said Tuesday its first-quarter net income fell to $223 million, or 17 cents a share, compared to $310.2 million, or 22 cents a share in the same period last year.
The Internet giant said net revenue for the period ended March 31 fell 6% to $1.06 billion.
Yahoo's first-quarter earnings reflect an impairment charge of 2 cents a share, related to Yahoo Japan.
The results compare to a year-earlier period when the company's earnings were boosted by its sale of the Zimbra email service, and its search partnership with Microsoft Corp.
Analysts polled by FactSet Research had expected Yahoo to report first-quarter earnings of 16 cents a share, and $1.05 billion in net revenue.
Posted by El Genio at miércoles, abril 20, 2011

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