Yahoo Q1 Earnings Mask Company in Transition
Positive numbers, but hard slog continues
To his credit, Yahoo CEO Scott Thompson didn’t begin yesterday’s first-quarter earnings call with a taunt. The embattled executive has had a rough go of things in his first three months—managing a proxy fight, a patent war with Facebook and an organizational overhaul that involves laying off 2,000 employees—but Tuesday’s earnings announcement was a bit of a bright spot—to an extent.
Yahoo’s first-quarter revenue ticked up 1 percent year over year to $1.2 billion, with net revenue of $1.08
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