April 15, 2014 / 8:16 PM / in 4 years

Yahoo reports modest revenue growth in Q1

SAN FRANCISCO, April 15 (Reuters) - Yahoo Inc reported modest revenue growth in the first three months of the year, as the Internet company stemmed a long-running decline in its display ad business.

Revenue, excluding fees paid to partner websites, was $1.087 billion in the first quarter compared to $1.074 billion in the year ago period. The company said it earned $311.6 million in first quarter net income, or 29 cents a share.

Reporting by Alexei Oreskovic; Editing by Alden Bentley

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