If proven that an employee did not review the annexes of offer letter before signing, the employer could be fined Dh20,000 for submitting incorrect details to Mohre
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Yahoo Inc said on Tuesday that its second-quarter earnings and revenue declined, as the company struggled again with display advertising sales. Yahoo earned $270 million, or 26 cents per share, in the March-June quarter. That’s down from $331 million, or 30 cents per share, in the same period a year earlier. Adjusted earnings were 37 cents per share in the latest quarter. Revenue fell four per cent to $1.08 billion from $1.14 billion. After subtracting commissions paid to Yahoo’s ad partners, revenue totaled $1.04 million, down three per cent from $1.07 billion a year ago.
Both fell short of Wall Street’s expectations, as did revenue forecast for the current quarter, causing the limping Internet icon’s stock to fall in extended trading.
If proven that an employee did not review the annexes of offer letter before signing, the employer could be fined Dh20,000 for submitting incorrect details to Mohre
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