Yahoo's Likely Last Earnings Report Was Depressing

A slow, ugly crawl to the finish line.

In what is likely Yahoo’s last earnings report, the company failed to meet an already low set of Wall Street expectations. Wall Street expected a measly 10 cents per share from Yahoo during the second quarter, yet Yahoo said it earned only nine cents.

Yahoo’s revenue was up five percent to $1.3 billion, but excluding traffic acquisition costs, revenue dropped 19 percent to $842 million. Yahoo also wrote off $482 million of the $1.1 billion it paid for Tumblr in 2013.

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