“SAN FRANCISCO (AP) — Yahoo is making more money under CEO Marissa Mayer, even as the Internet company struggles to sell more of the ads that bring in most of its revenue.
The latest signs of earnings progress came Tuesday with the release of Yahoo’s first-quarter earnings report.
The numbers also show further signs of decay in Yahoo’s sales of display ads. On the plus side, Yahoo’s ad revenue tied to search results rose.
Investors seemed more worried about the downturn in Yahoo’s display advertising than the surge in the company’s earnings. Yahoo’s stock sank more than 3 percent after the results came out.
The negative reaction suggests that some investors may be losing their faith in Mayer, a respected executive who defected from Google Inc. to join Yahoo nine months ago….”
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