Yahoo disappointed shareholders with its second quarter earnings report, posting declining profits that missed Wall Street's expectations. Its quarterly net income fell to $131 million, or 9 cents per share, from $161 million, or 11 cents per share, a year ago. Excluding certain charges, Yahoo realized earnings of $139 million, or 10 cents per share, falling one cent short of analyst expectations.
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Yahoo disappointed shareholders with its second quarter earnings report, posting declining profits that missed Wall Street's expectations. Its quarterly net income fell to $131 million, or 9 cents per share, from $161 million, or 11 cents per share, a year ago. Excluding certain charges, Yahoo realized earnings of $139 million, or 10 cents per share, falling one cent short of analyst expectations.
