Yahoo reported earnings after the market closed today.
Yahoo! said its first-quarter profit was more than double that of a year ago.
Yahoo earned 22 cents per share, better than the 9 cents analysts had anticipated.
However Q1 search advertising revenue down was down 14%.
“We stabilized our search share and we believe it will tend up in Q2,” Yahoo Chief Executive Carol Bartz said in a conference call with analysts on Tuesday.
Yahoo’s revenue per search increased 2% from 4Q, but were down 14% year-over-year.
Yahoo shares were down 3.5% after hours.