Yahoo picked an odd, but maybe great time to reveal a new CEO, just ahead of its quarterly earnings report. The good news of a CEO that seems way out of Yahoo's league at this point should alleviate any damage a poor financial report would do on stock price.
It's a good thing then that the results
weren't that bad either, which isn't saying much in the case of Yahoo. The good news is that Yahoo managed to stay flat compared to the same period of last year. That's the same company that has been seeing smaller revenue quarter after quarter for almost four years.
Revenue after traffic-acquisition costs was $1.081 billion, compared to $1.076 a year before. Per-share earnings were on the rise, coming in at $0.27 compared to $0.18 in Q2 2011, a 47 percent increase. Analysts estimated $0.23 earnings per diluted share.