Yahoo Beats Estimates - We're Changing Our Tune
by Valuentum
Web content firm Yahoo (YHOO) reported better than expected third quarter results Monday afternoon. Revenue grew 2% year-over-year to $1.09 billion, a touch better than consensus estimates. Operating income per share, which excludes the gain on the sale of Alibaba, grew 66% year-over-year to $0.35, which was much better than the consensus expectation. We had originally been skeptical of a turnaround as our previous article on the firm noted (click here), but CEO Marissa Mayer has really got things going. read more »
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