LIVE: Yahoo Reports Earnings
We'll be covering it live, so refresh this page for updates.
Here is what analysts were expecting prior to the call:
- Earnings per share: $0.37.
- Revenue: $1.08 billion.
The revenue estimate was almost exactly flat from the year before. Going into the call, that's the main issue with Yahoo - where is the growth? CEO Marissa Mayer has yet to announce any additional revenue from its acquisition of Tumblr.
And there are general worries about the long term health of both the search and display ad businesses that are at the core of Yahoo.
On the upside, Mayer has made several moves in mobile apps and online magazine and news content. So any sign of those paying off will be a big boost.
Lastly, Alibaba filed for an IPO in the U.S. Yahoo owns a 24% stake in the company. The offering could raise $15 billion, and Yahoo would see a chunk of that.