Yahoo Inc's first quarter revenue fell slightly to $1.14 billion from $1.22 billion in the year-ago period.

The Internet company said it earned roughly $390 million, or 35 cents a share in the first three months of the year, compared to $286 million, or 23 cents in first quarter of 2012.

(Reporting By Alexei Oreskovic; Editing by Bernard Orr)