Yahoo Stocks Steady Despite Q4 Loss
Surprising pessimistic analysts, Yahoo seems to be selling as much advertising now as it did a year ago, a revelation that juiced the stock in after-hours trading Tuesday.
That’s the good news. The bad news is the Internet bellwether posted a fourth-quarter net loss of $303.4 million, compared with earnings of $205.7 million in the same quarter the previous year.
The company blamed the loss on charges related to laying off employees and investments that haven’t fared well.
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