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."
The article Yahoo! Q2 Beats on Earnings; Revenue Down originally appeared on Fool.com.Fool contributor Eric Volkman owns shares of Yahoo! The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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