Search portal Yahoo has just released its 1st quarter 2011 earnings. Yahoo's non-GAAP revenue for the first quarter of 2011 was $1.064 billion versus $1.13 billion reported for the first quarter of 2010. This represents a 6% year over year decrease. Yahoo?s GAAP diluted revenue for the first quarter was $1.214 billion a 24% decrease from last year. Operations income increased 1% to $190 million in the first quarter of 2011. Yahoo's net earnings per diluted share for the first quarter of 2011 were $0.17 compared to $0.22 reported in the first quarter of 2010, also representing a drop of 23%. Yahoo's total net earnings for Q1 2011 were $223 million, versus $310 million in Q1 2010 -- A 28% drop.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/awseJrnOlCg/
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