Yahoo Beats Earnings Estimates With Narrower-Than-Expected Revenue Decline

Yahoo beat forecasts for third quarter performance, reporting earnings-per-share of 35 cents on revenue of $1.09 billion. Analysts were expecting earnings of 26 cents per share on revenue of $1.08 billion.

Total revenue amounted to $3.16 billion, $2.8 million of which came from Yahoo's sale of its $7.6 billion stake in Chinese e-commerce giant Alibaba.

Display ad revenue was essentially flat year-over-year at $451.6 million, while search ad revenue ticked up by 11% year-over-year to $414.1 million.

This was a closely-watched earnings report for Yahoo, as it represented the first full quarter with new CEO Marissa Mayer in charge.The company didn't reveal much in the way of new…
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