Yahoo! Inc. (YHOO) Tuesday reported a rise in profit for the first-quarter, helped mainly by healthy margins which more than offset a 7 percent drop in revenues. Both earnings and revenues came in above analysts' expectations.
Earnings attributable to the company improved to $390.29 million or $0.35 per share from $286.34 million or $0.23 per share last year.
Adjusted earnings for the quarter was $0.38 per share. On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $1.14 billion, down 7 percent from $1.22 billion last year. Analysts expected revenues of $1.10 billion.
Operating expenses decreased to $954.40 million from $1.05 billion last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.