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Yahoo Core Revenue Drops Again

October 18, 2016 8:28 PM
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Firm posts earnings that top analysts’ expectations, but its core revenue fell for the seventh time in eight quarters

Yahoo Inc. YHOO -0.26 % on Tuesday posted a 14% drop in its core revenue, reflecting the continued deterioration of its advertising business and raising more questions about the future of Verizon Communications Inc. VZ -0.32 % ’s deal to buy Yahoo.

Also read: Google, Facebook Propel Jump in Global Ad-Spending Forecast

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