Yahoo's profit, revenue miss Street forecasts as costs rise

April 21, 2015 9:43 PM

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Yahoo's profit, revenue miss Street forecasts as costs rise

(Reuters) - Yahoo Inc missed Wall Street's revenue and profit forecasts as slight growth in its online advertising businesses was outweighed by higher payments to websites which send readers to Yahoo.

The company's shares fell about 1 percent at $44.09 in extended trading. Yahoo Chief Executive Marissa Mayer has revamped products and acquired a string of companies in the past two years, without reviving revenue growth.

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