 "Yahoo!’s revenue in Q1 jumps 22%")
In its final months as a standalone company, Yahoo! is showing signs it can move toward growth.
Yahoo! made progress in its last quarterly earnings report before the sale of its main internet operations to Verizon Communications, posting adjusted revenue and profit that topped analysts’ estimates. The web portal, which had said the Verizon deal would close in the current quarter, on Tuesday narrowed the time frame to June.
Yahoo! reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications.
Yahoo! made progress in its last quarterly earnings report before the sale of its main internet operations to Verizon Communications, posting adjusted revenue and profit that topped analysts’ estimates. The web portal, which had said the Verizon deal would close in the current quarter, on Tuesday narrowed the time frame to June.
Yahoo! reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications.
YAHOO!’S FINANCIALS
- Yahoo
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