From Hibah Yousaf at CNNMoney: Yahoo shares rise on earnings surprise
Shares of Yahoo rose after-hours after the company posted a fourth-quarter profit.
Yahoo earned $153 million, or 11 cents per share, compared with a loss of $303 million, or 22 cents per share, a year earlier.
Sales fell 4% to $1.7 billion year-over-year, but were 10% higher compared with the previous quarter.
"We beat the high end of our revenue guidance, saw demand for premium display advertising improve significantly, and grew Owned and Operated search advertising revenue sequentially for the first time since the third quarter of 2008," Yahoo chief executive carol Bartz said in a statement.
"Overall, things seem to be returning to a normal state in the online advertising world," said Bartz during a conference call. She added that Yahoo is "still ahead in the display game" and intends to keep it that way.
Shares of Yahoo rose nearly 3% in after-hours trading, after climbing 0.8% during regular hours.
Let's hope we continue to see more good news in corporate America.
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