Yahoo flies in the third quarter, Marissa Mayers' first as CEO. The Internet giant has recorded a rise in net earnings of $3,16 billion ($2,64 per share) from 293 million in the period June-September 2011 (21 cents per share). It beat analysts' estimates, which had forecast earnings of 25 cents per share. A drag on the company's accounts was mainly the sale of the Chinese Alibaba, which brought in extraordinary earnings of $2,8 billion.
“We are taking important steps to achieve long-term success,” commented Mayers, who took over the company in July.
Il title celebrated aftermarket on Wall Street, gaining more than 4% before stabilizing around 2,5% gains. Excluding the Alibaba divestment and other extraordinary items, earnings rose 21 cents a share to 35 cents. The turnover it finally rose to $1,09 billion from $1,07 billion in the same period last year, slightly above estimates.
