Yahoo! Reports $1.22 Billion For Q4 2012

Yahoo! Inc. announced a 4% gain in net revenues of $1.22 billion in Q4 2012.  The company’s increase in search advertising sales offset the company’s weak display ad business.  Yahoo! forecasted net revenues of $1.07 billion to $1.1 billion in the current quarter.  Wall Street analysts were expecting $1.1 billion.

Yahoo!’s fourth quarter net income was $272.3 million (23 cents per share) versus $295.6 million (24 cents per share) one year ago.  Yahoo! repurchased around $1.5 billion worth of shares in the quarter.

Yahoo! CEO Marissa Mayer is working on recovering the company’s declining revenues and the stock has grown 30% under her leadership. 

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