Yahoo Sales Top Estimates as Mayer Pushes Turnaround
This article is for subscribers only.
Yahoo! Inc. Chief Executive Officer Marissa Mayer has a message for investors: We hear you.
In a conference call following the Web portal’s third-quarter earnings results today, Mayer worked to soothe shareholder fears over the company’s turnaround, its acquisition strategy, and how it was handling cash and stakes in Asian companies. The CEO detailed how Yahoo has bought back 24 percent of shares since late 2012 and said the company’s dealmaking has been “meaningful.” She added that Yahoo is making progress in mobile and the Web portal has been focused on cost efficiencies.