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Latest Business News: Yahoo! Second-Quarter Net Revenue Dips, Profit Beats Street

Wochit
Yahoo Inc's second-quarter net revenue was down slightly as the Internet company posted adjusted profit that was ahead of Wall Street targets. Shares of Yahoo, which have gained about 70 percent since Chief Executive Marissa Mayer took the helm a year ago, were down 2 percent. Yahoo reported unimpressive second quarter earnings that were in line with expectations of investors. For the quarter, Yahoo said it earned 30 cents a share, compared to 27 cents last year. Chrysler says it will start selling a completely new midsize car early next year.
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