Yahoo misses its quarterly earnings predictions again
by Sam Thielman in New York from Technology | The Guardian on (#1MR35)
Revenue, minus commissions paid to partners for web traffic, fell 19% in the company's second quarter, the sixth decline in the past seven periods
The bad news keeps on coming for Yahoo. On the same day the company reached a shortlist for the sale of its troubled assets, the fallen tech giant once again missed its quarterly earnings predictions.
Revenue for the company's second quarter was $1.31bn. Revenue, minus commissions paid to partners for web traffic, fell 19% in the second quarter, the sixth decline in the past seven periods.
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