Despite some upheaval following the sudden departure of former CEO Carol Bartz and the resurrection of Microsoft buyout rumors, Yahoo managed to deliver some good news for the third quarter of 2011.
Yahoo reported third-quarter net earnings of $293 million, or 23 cents a share (statement). Non-GAAP earnings were 21 cents a share on revenue excluding traffic acquisition costs of $1.072 billion, a 5 percent decrease from the third quarter of 2010.
Wall Street was looking for earnings of 17 cents a share on revenue of $1.07 billion.
CFO and Interim CEO Tim Morse summed up the quarter … Read more