Article updated: 1/29/2013 7:27 AM

Yahoo sales top analysts’ estimates on online search demand

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Yahoo! Inc. reported fourth-quarter revenue that topped analysts' estimates and increased annual sales for the first time since 2008 as the largest U.S. Web portal benefited from buoyant demand for online search.

Associated Press

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Yahoo! Inc. reported fourth-quarter revenue that topped analysts' estimates and increased annual sales for the first time since 2008 as the largest U.S. Web portal benefited from buoyant demand for online search. Fourth-quarter earnings, excluding some items, were 32 cents a share, Yahoo said in a statement. Sales, excluding revenue passed to partner sites, rose 4 percent $1.22 billion. Analysts on average had projected profit of 28 cents on revenue of $1.21 billion, according to data compiled by Bloomberg.