Yahoo! offered mixed news in reporting its Q4 and fiscal 2012 results. For the quarter, on a GAAP basis, the company's revenue was $1.3 billion and net profit was $272 million ($0.23 per diluted share). Revenue was up slightly from the same quarter the previous year, while net was down by roughly $23 million.
Analysts had been expecting a bottom-line EPS of $0.25 for Q4 2012.
For the full year, revenue came in at just under $5 billion, an incremental improvement over 2011's figure. Net profit ballooned to $3.9 billion from the previous year's $1.0 billion. The 2012 net, however, included a gain of $2.8 billion related to the sale of a large company stake in Chinese Internet giant Alibaba.
The article Yahoo! Q4 Profit Drops, but Revenue Beats Expectations originally appeared on Fool.com.
Fool contributor Eric Volkman owns shares of Yahoo!. The Motley Fool has no position in Yahoo!. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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