Source: SFGate

Altaba: Yahoo shows earnings growth in its final stretch

Yahoo shows earnings growth in its final stretch The Sunnyvale company made progress in its last quarterly earnings report before the sale of its main iInternet operations to Verizon Communications, posting adjusted revenue and profit that topped analysts' expectations. "As we enter our final quarter as an independent company, we are committed to finishing strong and planning for the best possible integration with Verizon," Mayer said in a statement on the results. Before Tuesday's announcement, the company had failed to meet estimates for revenue and adjusted earnings in four of the last nine quarterly reports. Mayer, who arrived in July 2012 from Google to fanfare, pushed Yahoo into more mobile services and tried to attract better talent to improve products. The acquisition gives Verizon a large, mature consumer Internet service with hundreds of millions of users in areas such as video, email, news and search.

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Thomas J. McInerney

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Altaba is an investment advisory firm that provides portfolio management services to institutions, financial professiona... Read more