Yahoo's net revenue dipped slightly in the third quarter as prices for its display ads remained under pressure.
Yahoo shares, which are up roughly 70 percent since the start of the year, rose in after-hours trading following the announcement. What is Yahoo stock doing now? (Click here to get the latest quote.)
The Web portal reported $1.08 billion in net revenue, which excludes fees paid to third-party websites, in the three months ended September 30, compared with $1.09 billion in the year-ago period. The average analyst expectation was for net revenue of $1.082 billion according to Thomson Reuters.