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Yahoo Earnings: Mayer Beats The Street

Marissa Mayer makes her mark

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    NEWSLETTERS

    TK
    The new boss.

    Yahoo's earning report is the most closely watched event for the Silicon Valley dot-com pioneer since it announced Marissa Mayer as its new CEO.

    The numbers are now in, and they're pretty good. More than a billion dollars in revenue, ahead of expectations - $1.09 billion in the third quarter of 2012 to be exact, according to Yahoo! That's up two percent from a year ago.

    Per-share earnings also beat expectations: They clocked in at 35 cents per share, a 66 percent jump from last year at this time. Good news, as we await for details in the conference call.

    We really didn't expect any big news, especially bad news, as Mayer gets set in her newest role. So far, she's done a few things (new iPhones, free meals, etc) to make employees feel better about Yahoo!, so good earning numbers were hoped for by both investors and workers staying the course.

    She's also brought in new talent - some from Google - to shore things up.

    The early Wall Street reaction?  Strong. Yahoo (YHOO) trading up right after earnings.

    Scott can be tracked on Twitter: @scottbudman