Investors Give Mayer Vote of Confidence After Earnings Win

Yahoo on Monday reported quarterly earnings that beat expectations, owing largely to the sale of its Chinese assets and modest growth in some of its core business areas. The quarterly report was the first for new CEO Marissa Mayer. She left Google to lead Yahoo in July after the sudden departure of former CEO Scott Thompson in May. Under Mayer, Yahoo brought in net earnings of $3.2 billion, or $2.64 per share, for the quarter ended Sept. 30, beating last year’s $293 million.

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Investors Give Mayer Vote of Confidence After Earnings Win

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