Yahoo posted net income of $118 million, down 78% from the $537 million recorded during the same period a year ago. Revenue for the company’s first fiscal quarter dropped 13% to $1.58 billion, from $1.8 billion a year ago. On average, analysts had expected earnings per share of $0.08 cents and revenue of $1.63 billion.
Yahoo posted net income of $118 million, down 78% from the $537
