Yahoo's 4Q earnings top forecasts

YahooYahoo's fourth-quarter earnings topped analyst estimates as an upturn in its international investments helped end a three-year slump in revenue.

The results announced on Monday covered Yahoo's first full quarter under CEO Marissa Mayer. Yahoo lured Ms Mayer away from Google in mid-July.

Ms Mayer has been focusing on building better mobile and social networking services so Yahoo can make more money from two of technology's hottest trends.

The company's fourth-quarter earnings dipped 8% from the previous year to 272 million dollars (£173 million), or 23 cents per share. The earnings would have been higher than the previous year, if not for one-time accounting charges.

Yahoo's fourth-quarter revenue increased 2% from the previous year to 1.35 billion dollars (£860 million). It left Yahoo with its first revenue gain for the full year since 2008.

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