News Summary: Yahoo’s 1Q showing lets down Street

Published April 17, 2013 12:03am ET



BACKTRACKING: A drop in Yahoo’s ad revenue during the first three months of the year overshadowed a 36 percent increase in earnings that topped analyst forecasts. The ad decline disappointed investors hoping Yahoo Inc. would build on some of the recent momentum shown under CEO Marissa Mayer, who left Google Inc. to join the company nine months ago.

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