
Yahoo Beats Street, Reports Revenue of $1.22 Billion
Yahoo just announced its second quarter 2012 earnings in which the company stated revenues of $1.22 billion, above Wall Street estimates of $1.10 billion. The company also reported earnings per share of $0.27, which beat Street estimates of $0.23. The firm said its search revenue, excluding traffic acquisition costs, was $385 million for the quarter, up four percent from the $371...