Yahoo results better than expected

Life! in! the! old! dog! yet?

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.

ABOUT THE AUTHOR

Global Editor-in-Chief

Patrick (Twitter) is Global Editor-in-Chief for techradar, and has been with the site since its launch in 2008. He is a longstanding judge of the T3 Awards, been quoted or seen on everything from the The Sun to Sky News and is on the #CoolBrands Council. He started his career in football, making him one of approximately one journalists to have covered both a World Cup final and an iPhone launch.