While Yahoo's third-quarter earnings contained no surprises, they also did nothing to lift the dark cloud hovering above the internet giant.
Revenue for the third quarter was $1.07 billion, down 5% from the third quarter last year, even though overall internet display advertising is up double digits. Net income plummeted to $293 million, a 26% drop year-over-year. On the bright side, the company beat analysts' estimates of earnings per share thanks to ongoing cost-cutting instituted under former CEO Carol Bartz.... Read more.
