SAN FRANCISCO — Yahoo turned in another lackluster performance in the second quarter.
The results, announced Tuesday, underscore the challenges facing Yahoo’s newly hired chief executive Marissa Mayer as she tries to turn around the Internet company after a 13-year career as a top Google executive.
Mayer, 37, will attempt to reverse years of financial lethargy that has plagued Yahoo while rivals such as Google and Facebook have prospered as advertisers spent more money promoting their wares on the Internet. She skipped the company’s earnings conference call Tuesday so she could spend more time meeting with her new management team.
Yahoo struggled through its latest quarter under two different CEOs, Scott Thompson and Ross Levinsohn. After Thompson stepped aside in mid-May amid an uproar over misleading information on his biography, Levinsohn began filling in as interim CEO.
Yahoo earned $227 million for the three months ending in June. That was down 4 percent from net income of $237 million a year ago.
Earnings per share for the quarter remained level at 18 cents per share.
Analysts polled by FactSet had projected earnings of 20 cents per share.
The numbers for the latest quarter were dragged down by a $136 million charge for employee layoffs.
If not for one-time charges, Yahoo would have earned 27 cents per share.
Revenue for the period dipped 1 percent from last year to $1.22 billion.
