Here's what Wall Street is saying about Yahoo's weak earnings and shrinking core business

Yahoo reported first quarter earnings on Tuesday that showed steep declines across the board.

But Yahoo was already expected to report disappointing figures, so the numbers were a slight beat compared to street estimates, driving its stock up roughly 3% on Wednesday.

Regardless, most analysts seem less interested in the actual results of Yahoo's business. Instead, most of them continue to pay more attention to the sales process of Yahoo's core business, and how the web portal plans to unlock the value in its Asian assets.

Here's a round up of what analysts are saying about Yahoo's latest earnings and its deteriorating core business: