Yahoo net earnings for the third quarter were $297 million, down 91 percent from a year ago, the company reported Tuesday.
Yahoo noted that 2012's Q3 net earnings included a net gain of $2.8 billion related to the sale of Alibaba Group shares, which is part of the reason why the earnings decreased significantly this year.
Third-quarter earnings beat Wall Street expectations, with 34 cents a share on revenue of $1.14 billion, down 5 percent from a year ago. Analysts were expecting 33 cents a share on revenue of $1.08 billion. Yahoo CEO Marissa Mayer is … Read more