Yahoo results paint mixed picture

AFP-JIJI

Yahoo said Tuesday its second-quarter profit rose sharply from a year ago, but revenues lagged, offering a mixed picture for Chief Executive Marissa Mayer’s turnaround efforts.

Net profit rose 46 percent from a year ago to $331 million, slightly better than expected, but revenues excluding payments to partners fell 1 percent to $1.07 billion, the Internet giant said.