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Yahoo results better than expected

Yahoo results better than expected
Yahoo results better than expected

Despite the doom-sayers, Yahoo's latest financial results have lifted the mood in the company by not being quite as bad as the analysts predicted.

The word turmoil doesn't really cover a company that has ousted its chief exec and is actively looking for a buyer.

However, earnings per share were up 32 per cent year-on-year, although revenue was down 5 per cent to $1.072 billion and income down 6 per cent to $177 million.

Boost

That gave Yahoo's shares a boost on the markets, and presumably a nice boost to morale in the company as well.

Yahoo parted company with Carole Bartz recently – the chief executive brought in after Jerry Yang was pushed out following the rejection of a massive takeover bid from Microsoft.

Unsurprisingly, Microsoft's Steve Ballmer has recently admitted that the company was lucky that a $47 billion bid had been turned down, to the anger of Yahoo's shareholders.

Patrick Goss

Patrick Goss is the ex-Editor in Chief of TechRadar. He is a passionate and experienced journalist, and he has been lucky enough to work on some of the finest online properties on the planet, building audiences everywhere and establishing himself at the forefront of digital content.