By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Yahoo Inc's
Shares of Yahoo were down 5.8 percent at $36 in after-hours trading on Tuesday.
Yahoo said fourth-quarter revenue was $1.266 billion, compared to $1.346 billion in the year-ago quarter.
Yahoo said that revenue from display ads was down 6 percent year-over-year in the fourth quarter, while the price per ad, excluding Korea, declined 7 percent.
Net income of $348.2 million rose from the $272.3 million earned in the year-ago period. Excluding certain items, Yahoo said it earned 46 cents a share, beating the average analyst expectation of 38 cents, according to Thomson Reuters I/B/E/S.
(Reporting by Alexei Oreskovic; Editing by Bernard Orr)
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