Yahoo Beats Third-Quarter Earnings Expectations, Even as Verizon Deal Faces Uncertainty

Mobile gains ground in overall revenue share

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Yahoo's third-quarter earnings were better than expected, giving the ailing tech giant a sliver of good news amid concerns of a data breach and growing doubts about its impending acquisition by Verizon.

Results released today showed revenue in the third quarter rose to $1.31 billion, or 20 cents per share, up from $1.23 billion (15 centers per share) during the same period in 2015. The results beat expectations on an earnings-per-share basis while matching expectations for total revenue.

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