In what was perhaps its last time reporting earnings as a publicly traded company, Yahoo Inc.'s total revenue beat analysts' revenue estimates while slightly missing estimates on an earnings-per-share basis.
Revenue in the second quarter increased 5.2 percent to $1.31 billion—or 9 cents per share—up from $1.24 billion during the same period in 2015. Analysts had expected earnings to come in at $1.08 billion.
In a statement, Yahoo CEO Marissa Mayer said the company is "relentlessly focused on delivering shareholder value."
"With the lowest cost structure and headcount in a decade, we continue to make solid progress against our 2016 plan," she said.
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