NEW YORK (CNNMoney) -- Yahoo CEO Marissa Mayer has now been on the job for exactly three months -- and while the company is still struggling, its third-quarter results were better than expected.
In the report, Mayer deemed the quarter "solid," calling attention to Yahoo's "stabilization in search and display revenue."
Yahoo's (YHOO, Fortune 500)third-quarter earnings rose 66% over the year to 35 cents a share, handily beating estimates from analysts polled by Thomson Reuters. Excluding a percentage of sales that Yahoo shares with partners, revenue came in at $1.09 billion, just above forecasts.
Search revenue rose 11% over the year to $414 million, while display revenue was flat at $452 million -- still a comparative success considering recent sharp declines in that sector.
No comments:
Post a Comment