Yahoo reports quarterly loss as it spends more to attract eyeballs

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012.

/Denis Balibouse

Yahoo Inc (YHOO.O) reported a quarterly loss, hurt by higher spending to attract users to its websites to better compete with Google Inc (GOOGL.O) and Facebook Inc (FB.O).The company reported a net loss attributable to it of $21.6 million, or 2 cents per share, in the second quarter ended June 30, compared with a profit of $269.7 million, or 26 cents per share, a year earlier. Revenue, after deducting fees paid to partner websites, was flat at $1.04 billion. (Reporting by Abhirup Roy in Bengaluru; Editing by Simon Jennings)