Yahoo Beats Analysts, Announces Earnings Of $0.24

Yahoo Inc. (NASDAQ:YHOO) announced its earnings for the first quarter of 2012 today. The company took in revenues of $1.08 in the first quarter turning that into an earnings per share of $0.24. The announcement compared with analysts estimations of $1.059 billion in revenue leaving investors with earnings per share of $0.17. The results compare almost evenly with the fourth quarter of 2012 when the company earned $0.24 per share excluding some items and $1.19 billion in revenue. The report also revealed that the company bought back 5 million of its own shares during the quarter which helped to increase…