Wall Street has given up on Yahoo's turnaround

AP/Eric Risberg

Yahoo CEO Marissa Mayer.

Yahoo reported its second-quarter earnings Monday, and as expected Wall Street is not too impressed.

Most of the analyst notes in reaction shared concerns over Yahoo's deteriorating business. The company saw declines across the board, including its highly touted Mavens business, and investors believe things will only get worse as Yahoo seeks to sell its core business while trying to right the ship.

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Though Yahoo declined to share many details around the sales process on Monday, Bloomberg just reported that the final bidders had come down to the following five companies: Verizon, AT&T, TPG, Vector Capital Management, and a group led by Quicken Loans founder Dan Gilbert.

The deadline for making a bid for Yahoo's core business was Monday, according to multiple reports. The winning bid is expected to be announced by the end of the month.

Here are some of the comments from Wall Street's leading analysts on Yahoo's core business: