Yahoo’s 4Q earnings top Street views

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SAN FRANCISCO (AP) - Yahoo’s fourth-quarter earnings topped analyst estimates as an upturn in its international investments helped end a three-year slump in revenue.

The results announced Monday covered Yahoo’s first full quarter under CEO Marissa Mayer. Yahoo Inc. lured Mayer away from Google Inc. in mid-July.

Mayer has been focusing on building better mobile and social networking services so Yahoo can make more money from two of technology’s hottest trends.

The company’s fourth-quarter earnings dipped 8 percent from the previous year to $272 million, or 23 cents per share. The earnings would have been higher than the previous year, if not for one-time accounting charges.

Yahoo’s fourth-quarter revenue increased 2 percent from the previous year to $1.35 billion. It left Yahoo with its first revenue gain for the full year since 2008.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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