It’s been reported by Yahoo some hit and miss earnings today for Q2 of 2016.
According to the company, they earned around $1.31 billion, which is up from $1.24 billion last year, which is also ahead of the expected $1.08 billion. The earnings per share came in at nine cents, which was below the expected 10 cents per share. The earnings per share in 2015 was 16 cents.
Yahoo says that their “mavens” lineup, which is made up of mobile, video, native and social products, saw an overall revenue growth of seven percent YoY to $390 million.
Let’s not forget the possibility of Yahoo being sold off. Bids were due in April, and reports since then suggests that those bids were well under expectations.