Ron Burgundy Posted April 15, 2014 Share Posted April 15, 2014 By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc barely managed to expand its core advertising business in the first quarter despite Chief Executive Marissa Mayer's two-year effort to revive growth at the Internet pioneer. Yahoo expects second quarter revenue, excluding traffic acquisition costs, of $1.06 billion to $1.1 billion, in line with Wall Street's expectations for about $1.08 billion. Still, Yahoo's shares leaped 8 percent on strong results from Alibaba Group Holding Ltd, the Chinese e-commerce company in which it owns a 24 percent stake, ahead of its highly anticipated initial public offering. Mayer is trying to revitalize Yahoo's business. View the full article Quote Link to comment Share on other sites More sharing options...
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