Yahoo Slips 2% On Lower-Than-Expected Q1 Net Revenue, Adjusted Profit

 After the bell, Yahoo reported its first-quarter financial performance, including $1.04 billion in revenue after discounting for traffic costs (ex-TAC) and adjusted earnings per share of $0.15. The street had expected Yahoo to earn $0.18 per share on revenue of $1.06 billion. Yahoo’s ex-TAC revenue shrunk from the year-ago period by around 4 percent. The company’s adjusted profit… Read More