Yahoo's 1st Quarter earnings are out and their profits dropped 11%. The revenue was better than the same quarter a year ago but their costs have gone up. Their Panama Ad system did better than expected the first quarter but was not enough to boost profits.
"Excluding fees Yahoo pays its affiliates, revenue totaled $1.18 billion, up 9% from a year ago but less than the $1.21 billion expected by analysts."
http://www.marketwatch.com/news/story/yahoo-profit-falls-11-higher/story.aspx?guid=%7BA1F30BF2%2D509C%2D44CD%2DB2D5%2D31DF77754783%7D&dist=TQP_Mod_mktwN
Tomorrow, April 19th, Google will announce their 1Q earnings in a conference call at 1:30 pm PT.
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