NEW YORK (CNNMoney.com) -- Yahoo Inc. reported a fourth-quarter net loss Tuesday, but the Internet search engine's earnings, after adjusting for certain one time charges, beat analysts' expectations.The Sunnyvale, Calif.-based company reported a net loss of $303 million, or 22 per share, in the three months ended Dec. 31, compared with earnings of $206 million, or 15 cents per share, a year ago.
Excluding certain charges, such as a $108 million restructuring charge related to layoffs announced late last year and a $488 million "goodwill" impairment charge, Yahoo said it earned $238 million, or 17 cents per share. That was higher than analysts' consensus forecast of 13 cents per share, according to Thomson Reuters.
Sales in the quarter fell 1% to $1.8 billion from $1.83 billion. Excluding traffic-acquisition costs, which is the portion of revenues shared with partners, Yahoo reported sales of $1.37 billion, down 2% from $1.4 billion a year ago and in line with analysts' expectations.
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