‘Yahoo Earnings Beat Estimates, But Core Problems Remain’ – ‘Mashable’

Seth Fiegerman says, “Yahoo’s profits in the first quarter beat Wall Street estimates, but the company’s core advertising business still appears to be heading in the wrong direction.

Yahoo reported earnings-per-share of $0.38 on revenue of $1.07 billion for the March quarter, beating the consensus estimate for earnings of $0.24 per share, but coming in below the $1.1 billion in revenue that analysts had expected. The stock declined by as much as 4% in after hours trading following the earnings release”.