Yahoo reported the results for the quarter ended March 31,2011 .The company reported a 6 percent decrease from the first quarter of 2010 for the revenue excluding traffic acquisition costs.
Income from operations increased by 1 percent in the first quarter of 2011,compared to the first quarter of 2010,while net earnings per diluted share decreased by 23 percent from $0.17 in the first quarter of 2011 compared to $0.22 in the first quarter of 2010 .
“We are solidly executing toward our plan for returning Yahoo! to sustainable revenue and profit growth.During the quarter, we beat the midpoint of revenue guidance while continuing to deliver on the bottom line. We continued to extend our lead as the world's premier digital media company with users to Yahoo! branded properties increasing 15% year over year and minutes spend increasing 17%." said Carol Bartz, CEO of Yahoo! .
Highlights include :
- " Display revenue ex-TAC increased 10 percent to $471 million, compared to $427 million for the first quarter of 2010.
- GAAP display revenue increased 6 percent to $523 million, compared to $491 million for the first quarter of 2010.
- Search revenue ex-TAC was $357 million, a 19 percent decrease compared to $440 million for the first quarter of 2010.
- GAAP search revenue was $455 million, a 46 percent decrease compared to $841 million for the first quarter of 2010.
Cash Flow and Cash Balance
- Cash flow from operating activities for the first quarter of 2011 was $208 million, a 45 percent increase compared to $144 million for the same period of 2010.
- Free cash flow was $59 million for the first quarter of 2011, a 7 percent decrease compared to $64 million for the same period of 2010.
- Cash, cash equivalents, and investments in marketable debt securities were $3,528 million at March 31, 2011 compared to $3,629 million at December 31, 2010, a decrease of $101 million. During the first quarter of 2011, Yahoo! repurchased 8 million shares for $137 million.
More details you can find here .