LIVE: Yahoo earnings

Yahoo is reporting its first quarter earnings results after the bell today. The results are likely to show ongoing struggles in Yahoo's core business, more than two years after Chief Executive Marissa Mayer took over.

Here are the key numbers on Wall Street's radar:

• $1.06 billion in net revenue, which would be down 2.5% from last year.
• $0.18 non-GAAP EPS, compared to $0.38 in the year-ago period.

Yahoo is trying to reverse a multi-year erosion of its revenue due to weakness in its display advertising and search businesses. CEO Marissa Mayer took a big step to change its fortunes in Web search this month by renegotiating the terms of its 10-year search partnership with Microsoft, which has served as the exclusive provider of the search results and search ads on Yahoo's desktop PC website since 2010. The revised deal terms give Yahoo the flexibility to sell its own search ads 49% of the time.

Investors are also keen for more details on Yahoo's plans to spin off its 15% stake in Chinese e-commerce giant Alibaba Group as well as the potential for Yahoo to monetize a 35.5% stake in Yahoo Japan.

We'll be posting the numbers here as soon as we get them. Refresh the page or click here for the latest.