Yahoo posts $99.2m loss amid pitched battle with shareholders

Digital media firm reports significant quarterly losses that cost investors 10 cents a share but still manage to beat analysts' revenue expectations

Yahoo announced falling revenues and a quarterly loss of $99.2m on Tuesday as the ailing internet business looks for a buyer.

The company reported revenue of $1.09bn, down 11% from the same time last year. The fall shows continuing deterioration in Yahoo's business but was better than analysts had expected.