 "Yahoo's 3Q earnings at $297 million, revenues drop")
Yahoo is regaining its appeal among investors a lot faster than with the online advertisers who generate most of its revenue.
The company's latest quarterly results released yesterday are the latest to underscore CEO Marissa Mayer's challenges even as Yahoo's stock continues to soar under her leadership.
Yahoo Inc. earned $297 million, or 28 cents per share, in the three months ending in September. That's a 91% drop from nearly $3.2 billion, or $2.64 per share, at the same time last year.
Revenue fell 5% from last year to $1.1 billion.
The company's latest quarterly results released yesterday are the latest to underscore CEO Marissa Mayer's challenges even as Yahoo's stock continues to soar under her leadership.
Yahoo Inc. earned $297 million, or 28 cents per share, in the three months ending in September. That's a 91% drop from nearly $3.2 billion, or $2.64 per share, at the same time last year.
Also Read
It wasn't an apples-to-apples comparison because last year's profit was lifted by a $2.8 billion windfall from Yahoo's sale of part of its stake in Alibaba Group.
Revenue fell 5% from last year to $1.1 billion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%