Marissa Mayer we know the work ahead. Because Yahoo is still unable to rebound. The portal yesterday released the results of its second quarter. Turnover (excluding commissions paid to partner websites) is stable over one year with 1.081 billion against 1.076 billion last year.
Prices down
Earnings (Non-GAAP) was slightly down to $ 190 million against 191 million a year ago. Earnings per share amounted to 27 cents while analysts polled by Thomson Reuters had forecast 23 cents.
Revenues (excluding commissions) related to display advertising grew by only 1% year on year to $ 473 million while revenues related to the online search were up 4% to 385 million (excluding commissions).
"E-mail has declined less rapidly, advertising premium has improved significantly but the prices were lower than what we expected," noted Tim Morse, chief financial officer.
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