Yahoo reported net income in the fourth quarter of $153 million, or 11 cents a share, in the quarter. It reported a loss of $303 million in the same quarter last year.
If not for charges tied to a proposed search partnership with Microsoft, Yahoo said it would have made 15 cents per share in the quarter. That topped the average estimate of 11 cents per share among analysts surveyed by Thomson Reuters.
Yahoo’s revenue fell 4 percent to $1.73 billion. Yahoo’s revenue has now declined in five consecutive quarters.
“The fourth quarter marked a strong finish to 2009, which was a transformative year for Yahoo,” said Carol Bartz, Yahoo’s chief executive, in a prepared statement.
Yahoo’s forecast for the current quarter calls for revenue growth to resume during the three months ending in March.
