From AP:

Yahoo’s fourth-quarter earnings more than doubled, but declining revenue makes it clear the Internet company is still struggling to cash in on the online advertising boom.

The results announced Tuesday underscore why many investors are wondering if Yahoo CEO Carol Bartz is the right person for the job as she enters the second half of a four-year contract she signed in January 2009.

Although Bartz has boosted Yahoo’s earnings through layoffs and other cost-cutting measures, the company’s revenue has fallen from its levels before her arrival.

Yahoo Inc. earned $312 million, or 24 cents per share, in the October-December period. That compares with net income of $153 million, or 11 cents per share, at the same time in 2009.

Revenue dropped 12 percent from the prior year to $1.53 billion.

Earlier today, the company said (after news was leaked) that it would lay off another 100+ employees.


Jon Brooks

Jon Brooks is the host and editor of KQED’s health and technology blog, Future of You. He is the former editor of KQED’s daily news blog, News Fix. A veteran blogger, he previously worked for Yahoo! in various news writing and editing roles. He was also the editor of, which documented user-generated content about the financial crisis and recession. Jon is also a playwright whose work has been produced in San Francisco, New York, Italy, and around the U.S. He has written about film for his own blog and studied film at Boston University. He has an MFA in Creative Writing from Brooklyn College.

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