Yahoo just reported its second quarter 2012 earnings with revenues coming in at $1.2 billion, down one percent compared to the quarter a year ago. Revenues excluding traffic acquisition costs were $1.081 billion, flat compared to a year ago. Net income was million, earnings per share were $0.27, compared to net income of $237 million and earnings per share of $0.18. �Income from operations was only $55 million down 71 percent from $191 million a year ago. Non-GAAP earnings per share were $0.27, up 47 percent compared to $0.18 a year ago, and easily beating analysts expectations, with net earnings per diluted share at $0.18. Source: http://feedproxy.google.com/~r/Techcrunch/~3/76X32iZ17-I/
