InvestSMART

Yahoo! cheers results

Yahoo! said its second-quarter profits rose sharply from a year ago, but revenues lagged, offering a mixed picture for chief executive Marissa Mayer's turnaround efforts. Net profit rose 46 per cent to $US331 million, but revenues dipped 1 per cent to $US1.07 billion. Mayer, left, said the quarter was "one of the most productive in the history of Yahoo!".
By · 18 Jul 2013
By ·
18 Jul 2013
comments Comments
Yahoo! said its second-quarter profits rose sharply from a year ago, but revenues lagged, offering a mixed picture for chief executive Marissa Mayer's turnaround efforts. Net profit rose 46 per cent to $US331 million, but revenues dipped 1 per cent to $US1.07 billion. Mayer, left, said the quarter was "one of the most productive in the history of Yahoo!".
Google News
Follow us on Google News
Go to Google News, then click "Follow" button to add us.
Share this article and show your support
Free Membership
Free Membership
InvestSMART
InvestSMART
Keep on reading more articles from InvestSMART. See more articles
Join the conversation
Join the conversation...
There are comments posted so far. Join the conversation, please login or Sign up.

Frequently Asked Questions about this Article…

Yahoo reported a mixed quarter: net profit rose 46% to US$331 million, while revenues dipped 1% to US$1.07 billion.

The article states Yahoo's net profit rose sharply by 46%, reaching US$331 million compared with the same quarter a year earlier.

No — according to the article, Yahoo's revenues fell slightly, dipping 1% to US$1.07 billion in the quarter.

Marissa Mayer described the quarter as 'one of the most productive in the history of Yahoo,' reflecting her positive view of the company’s progress.

The article labels the results a mixed picture because profit rose sharply while revenues lagged — showing strong earnings but a decline in top-line sales, which complicates assessments of the turnaround.

No — the article reports the profit and revenue figures but does not provide details on the specific drivers behind the profit increase.

Based on the article, investors should note the mixed signals: healthier net profit growth alongside a slight revenue decline. The piece suggests progress in profitability but indicates revenue challenges remain.

The article does not confirm a definitive turnaround. It highlights strong profit gains but also a revenue dip, presenting a mixed outcome rather than a clear verdict on the turnaround's overall success.