Internet giant Yahoo has reported an eight percent decline in its fourth-quarter profit primarily due to higher restructuring charges that more than offset an increase in revenues.
Net income attributable to the company in the fourth quarter declined to $272m (£173m, €202m), or $0.23 per share, from $296m, or $0.24 per share, in the prior-year quarter.
Excluding extraordinary items such as costs related to the closing of South Korea operations, net income increased to... (Continue Reading)
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