Yahoo's earnings for its second quarter came in 1 cent lower than expectations, with net income declining 19 percent and revenue a bit light as well, but the company called the quarter "strong."
Using generally accepted accounting principles, the company's net income decreased 19 percent from $161 million in the year-earlier quarter to $131 million. But excluding various charges, the Internet pioneer reported earnings of 10 cents per share, less than the 11 cents per share that analysts surveyed by Thomson Reuters expected.
Revenue increased 8 percent to $1.346 billion, excluding commissions called traffic acquisition costs that are paid to advertising partners. Analysts had expected $1.37 billion.
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