Yahoo! Q2 Beats on Earnings; Revenue Down

Yahoo! investors got a mixed bag from their company in terms of its latest quarterly results. For the company's Q2, GAAP revenue came in at $1.14 billion, a 7% slide from the $1.22 billion of the same period the previous year. The attributable bottom line, however, advanced to $331 million ($0.30 per diluted share) from Q2 2012's $227 million ($0.18).

On a non-GAAP basis, Q2 2013's revenue was $1.07 billion and EPS was $0.35. On average, analysts had been expecting $1.08 billion and $0.30, respectively.

The quarter was a busy one for Yahoo! It was particularly active in the sphere of acquisitions, buying out Internet properties such as micro-blogging site Tumblr, among others. In the press release detailing the results, the company quoted its high-profile CEO Marissa Mayer as saying that "our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week."

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