Yahoo Profit Rises but Stock Goes Nowhere as Company Prepares for Sale

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Yahoo’s most recently quarterly earnings were a mixed bag at best. Earnings slightly missed analysts’ expectations, while revenues of $1.31 billion exceeded expectations. The company’s stock price didn’t move.

“With the lowest cost structure and headcount in a decade, we continue to make solid progress against our 2016 plan,” CEO Marissa Mayer said in an earnings release, but what everyone wants to know is: what’s next for this long-time embattled tech firm?

Well, ultimately we know—Yahoo wants to sell its core business. The question, then, is who will buy it?

With final bids due today, names like Verizon and AT&T have been tossed around as potential suitors. Whomever acquires Yahoo will also be buying a sizeable stake in Alibaba, which contributes a large chunk of Yahoo’s $36-billion market value.

“I personally believe that the right transaction could unlock tremendous value,” Mayer said during last quarter’s earnings report.

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