SAN FRANCISCO: Yahoo Inc, the world's largest Internet media firm, on Tuesday posted disappointing results that reflected weak search advertising and higher operating costs, sending its shares tumbling 13%.
While adjusted fourth-quarter earnings of 16 US cents per share topped 13 cents a year ago, it missed the average Wall Street target of 17 cents by a penny, analysts said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!