News Column

CEO Marissa Mayer disappointed with Yahoo's Q2 results

July 16, 2014


Washington, July 16 (ANI): Yahoo CEO Marissa Mayer is disappointed with the three percent fall in revenue in second quarter.

Yahoo's revenue saw a three percent drop to 1.04 billion during the second quarter, which is lower than analysts' expectation of 1.08 billion,

Mayer said on Tuesday that the company's top priority is revenue growth and by that measure, the company is not satisfied with Q2 results.

She added that in Q2, company saw display revenue decline, and need to work faster faster to ameliorate the negative trends.

Yahoo's adjusted earnings also fell just short of Wall Street's estimates at 37 cents per share.

Mayer further added that transformation is not a singular event; it is a series of events and quarters, some more challenging than others and some more successful than others, and it will take some time. (ANI)

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Source: Asian News International

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