Yahoo revenue up in Q2, but earnings per share miss expectations
Yahoo has reported hit-and-miss earnings today for the second quarter of 2016.
The company says it earned about $1.31 billion, up from $1.24 billion last year and ahead of the expected $1.08 billion. But earnings per share came in at nine cents, below the expected 10 cents per share. In Q2 of 2015, earnings per share were 16 cents.
Yahoo likes to tout its “mavens” lineup, which is made up of mobile, video, native and social products. The company says those products saw an overall revenue growth of seven percent YoY to $390 million.
Looming over all of this is the expected sale of Yahoo. Bids were due in April, and reports since then suggest that those bids were well under expectations.
From our sponsors: Yahoo revenue up in Q2, but earnings per share miss expectations