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Yahoo reports flat Q2 revenue

by fwire  Jul 18, 2012 02:15 IST

#India   #Latin America  

SAN FRANCISCO (Reuters) - Yahoo Inc, looking to revive its fortunes with Monday's hiring of a new chief executive from Google Inc, reported flat net revenue and a slight decline in profit during the second quarter.

Net revenue, which excludes fees paid to partner websites, was $1.081 billion in the three months ended June 30, compared to $1.076 billion at this time last year.

Analysts polled by Thomson Reuters I/B/E/S were looking for net revenue of $1.096 billion.

Yahoo's second-quarter net income was $226.6 million, or 18 cents a share, down slightly from roughly $237 million, or 18 cents a share, in the year ago period.

Excluding certain items, Yahoo said it earned 27 cents a share.

Shares of Yahoo were up 5 cents at $15.65 in after-hours trading on Tuesday.

Tuesday marked the first day on the job for newly-hired Yahoo CEO Marissa Mayer, a former Google executive.

(Reporting By Alexei Oreskovic; Editing by Bernard Orr)