Yahoo’s revenue slipped in the three months ending in September as the company saw declines in two advertising categories. It sold fewer display ads and fetched lower prices, and although the text ads next to the search results on Yahoo’s website drew more clicks, the amount of money marketers paid for those commercial pitches declined.
YHOO earned $297 million, or 28 cents per share, in the three months ending in September. That’s a 91 percent drop from nearly $3.2 billion, or $2.64 per share, at the same time last year.
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