Seems like nothing surprises investors anymore when it comes to Yahoo, which may explain why the company’s shares are nearly flat in after-hours trading despite its lackluster 4Q report. The company came in with net earnings of $296M, down 5% vs the same period last year, on revenues of $1.17B, down 3%. The revenue figure — which doesn’t include traffic acquisition costs — was just slightly lower than the consensus estimate of $1.19B, and diluted earnings, at 24 cents a share, were right on target. The company says that the declines were partly due to a $48M reimbursement it made to Microsoft as part of their search business revenue share agreement. But Yahoo adds that revenue for its display and search ads also fell in 4Q. Newly named CEO Scott Thompson is looking forward, saying that this year he will align resources to bring “innovative new products and experiences to both our users and advertisers.”
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