Yahoo posts flat first-quarter revenue on declining display ad sales

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc's net revenue in the first quarter was flat year-on-year, as the Internet company's display advertising business experienced declining revenue for the second quarter in a row. Shares of Yahoo, which have surged more than 50 percent since Chief Executive Marissa Mayer took the helm in July, fell 3.7 percent to $22.91 in after-hours trading on Tuesday. Yahoo said it earned $390 million, or 35 cents a share in the first three months of the year, compared to $286 million, or 23 cents in first quarter of 2012. ...

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