Tuesday, January 29, 2013

Yahoo shares boosted by climbing revenue.

Yahoo (YHOO) rose 2.5% in premarket trading after the company beat expectations by posting a 2% revenue increase in Q4. The results aren't as robust as Google - which reported a 22% jump in revenue - but they do signal a business at least holding steady instead of deteriorating. "While the road to growth is certain, it will not be immediate," says CEO Marissa Mayer.