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Yahoo delivers another listless performance in 4Q

Yahoo's 4Q earnings down 5 percent amid ongoing slump in revenue By The Associated Press

SAN FRANCISCO (AP) ' Yahoo's latest financial results show the Internet company is still losing ground in the battle for online advertising.

The fourth-quarter breakdown announced Tuesday is the latest in a succession of ho-hum performances.

Yahoo Inc. recently hired former PayPal executive Scott Thompson as CEO in its latest attempt at a turnaround.

The company earned $296 million, or 24 cents per share, in the October-to-December period. That is down 5 percent from $312 million, or 24 cents per share, a year earlier.

The earnings matched analysts' estimates.

Fourth-quarter revenue dropped 13 percent from the previous year to $1.32 billion.

After subtracting commissions, Yahoo's revenue totaled $1.17 billion. That was $20 million below analyst projections.

It's the 13th straight quarter that Yahoo's net revenue has declined from the prior year.

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