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News Summary: Yahoo's 4Q stokes turnaround hopes

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News,Business

BABY STEPS: Yahoo's fourth-quarter report showed CEO Marissa Mayer is making modest progress in her six-month-old effort to turn around the Internet company after years of financial malaise. The earnings announced Monday topped analyst projections as did revenue, after subtracting Yahoo's advertising commissions.

MINOR MILESTONE: The performance during the final three months of 2012 was good enough to give Yahoo Inc. its first annual revenue gain since 2008. Its revenue of nearly $5 billion was up by $2.4 million from 2011.

LONG ROAD AHEAD: Despite the strides, Yahoo still isn't keeping pace with the overall growth in a vibrant market for Internet advertising.

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