Yahoo reaches top of forecasts

RNET

RNET giant Yahoo’s third quarter results narrowly beat expectations last night, with a slight decline in revenue.

Chief executive Marissa Mayer said: “I'm very pleased with our execution, especially as we've continued to invest in and strengthen our core business.”

Yahoo’s revenue dipped from $1.202bn (£750m) in the third quarter of last year, to $1.139bn this year, a fall of five per cent.