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The Yahoo logo is displayed in front of the Yahoo headqarters in Sunnyvale, California. The company just reported a good third quarter.
Yahoo just released third-quarter earnings and they beat Wall Street expectations by almost 10 cents. The Street was looking for 26 cents a share and got 35. Just on the numbers, this is an excellent start for new CEO Marissa Mayer, who literally just returned from a whirlwind maternity leave after the birth of her first child.
One quarter does not a turnaround make, of course. And it would be difficult to argue that Mayer is really and truly responsible for a good Q3 — revenue was about the same as a year ago, and for the second quarter of 2012.
In its statement, Yahoo pointed to both search and display as revenue drivers. Which sounds great, until you consider that Mayer is presumably going to take Yahoo away from being a advertising-driven quasi-media company toward more of a product-creating Google-like enterprise.
If you want to jump over to my main Twitter feed — @mattdebord — at 2 p.m. PT/5 p.m ET, I'll be listening in on the earnings call for a additional insight and you can follow along.