Yahoo! Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - Yahoo! Inc. (YHOO) Tuesday reported first-quarter net income attributable to the company of $311.6 million or $0.29 per share, compared to $390.3 million or $0.35 per share in the comparable quarter last year.

Adjusted earnings for the quarter were $401.62 million, down from $420.18 million in the prior year quarter. Earnings per share for the latest first quarter were $0.38, same as last year. On average, analysts polled by Thomson Reuters expected earnings of $0.37 per share. Analysts' estimates typically exclude special items.

Revenues dropped 1 percent to $1.13 billion from $1.14 billion last year. Analysts expected revenues of $1.08 billion for the quarter.