During her first quarter as CEO Marissa Mayer didn't sink the company further into the depths of despair, reporting $1.089 billion in revenue which just beat the $1.08 billion forecast by analysts."Yahoo! had a solid third quarter, and we are encouraged by the stabilization in search and display revenue," she said, alongside the report that has display revenue flat and search revenue up a tiny bit. With all the changes she made at Yahoo, however, Mayer hasn't turned around the company, either, as AllThingsD's Kara Swisher notes. "Yet another weak quarter that met weak expectations from investors," writes Swisher. "The 98-pound weakling is still weak!" The market, however, seems a bit more impressed, as Yahoo's stock is trading less up nearly 3 percent in after-hours trading as of this writing.
But since she's only been on the job for one quarter, she probably won't be judged on this earning's report, which is why her quote emphasized the "long-term success." "We're taking important steps to position Yahoo! for long-term success, and we're confident that our focus on quality and improving the user experience will drive increased value for our advertisers, partners and shareholders," she wrote. The company will hold an official call at 5:00 p.m. EST.
This article is from the archive of our partner The Wire.
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