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Yahoo Earnings Show Company In A Funk


By Daya Baran at October 18, 2011 0 Comments    Share

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Yahoo’s third-quarter results revealed the never ending financial funk that former CEO Carol Bartz and Terry Semel (who dreamed of being a Hollywood star) got the company into.

Yahoo earned $293 million, or 23 cents per share, in the July to September period on revenues of $1.072 billion. During the same period a year ago, Yahoo earned $396 million, or 29 cents a share, on $1.12 billion in sales.

The lackluster performance announced Tuesday may increase the pressure on Yahoo to sell itself in parts or as a whole. Yahoo may even start its annual Christmas layoffs earlier this given that it Q3 is seasonally its best quarter.

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