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Yahoo goes from $21 mn profit to $99 mn loss
short by Aditya Kashyap / on Wednesday, 20 April, 2016
Tech firm Yahoo on Tuesday reported a net loss of $99 million for the quarter ended March compared to a profit of $21 million in the year-ago period. The company's revenue fell 11.3% year-on-year to $1.09 billion, the first decline in five quarters. Notably, Yahoo is evaluating bids to sell its internet operations amid a decline in its business.