Yahoo reports earnings of 34 cents per share on a revenue of $1.14 million, down 5 percent from a year ago. October 15, 2013 1:31 PM PDT Yahoo CEO Marissa Mayer. (Credit: James Martin/CNET) Yahoo net earnings for the third quarter of the year was $297 million, which is down 91 percent from a year ago, the company reported Tuesday. Yahoo noted that 2012's Q3 net earnings included a net gain of $2.8 billion related to the sale of Alibaba Group shares, which is part of the reason why the earnings decreased significantly this year. This quarter's earning beat Wallstreet's expectations, with 34 cents a share on a revenue of $1.14 million, down 5 percent from a year ago. Analysts were expecting 33 cents a share on a revenue of $1.08 billion. Yahoo CEO Marissa Mayer are expected to discuss the company's earnings alongside CFO Ken Goldman during a live video stream at 2 p.m. PT. Last quarter, Yahoo reported a 9 percent decline in sales and disclosed its long list of acquisitions. More to come. Donna Tam Donna Tam is a staff writer for CNET News and a native of San Francisco. She enjoys feasting, merrymaking, checking her Gmail, and reading on her Kindle. Before landing at CNET, she wrote for daily newspapers, including the Oakland Tribune, The Spokesman-Review, and the Eureka Times-Standard.
Yahoo reports earnings of 34 cents per share on a revenue of $1.14 million, down 5 percent from a year ago.
Yahoo CEO Marissa Mayer.
(Credit: James Martin/CNET)
Yahoo net earnings for the third quarter of the year was $297 million, which is down 91 percent from a year ago, the company reported Tuesday.
Yahoo noted that 2012's Q3 net earnings included a net gain of $2.8 billion related to the sale of Alibaba Group shares, which is part of the reason why the earnings decreased significantly this year.
This quarter's earning beat Wallstreet's expectations, with 34 cents a share on a revenue of $1.14 million, down 5 percent from a year ago. Analysts were expecting 33 cents a share on a revenue of $1.08 billion. Yahoo CEO Marissa Mayer are expected to discuss the company's earnings alongside CFO Ken Goldman during a live video stream at 2 p.m. PT.
Last quarter, Yahoo reported a 9 percent decline in sales and disclosed its long list of acquisitions.
More to come.
Donna Tam is a staff writer for CNET News and a native of San Francisco. She enjoys feasting, merrymaking, checking her Gmail, and reading on her Kindle. Before landing at CNET, she wrote for daily newspapers, including the Oakland Tribune, The Spokesman-Review, and the Eureka Times-Standard.
