Yahoo's 3Q earnings, revenue top Street's forecast

Yahoo ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates.

The results announced Monday show Yahoo’s net revenue barely grew at a time when advertisers are spending more money marketing their products and services online.

Nevertheless, the numbers were slightly better than analysts projected. Yahoo Inc. hired Mayer away from rival Google Inc. to orchestrate its latest turnaround attempt in mid-July, shortly after the quarter started.

via Business feed http://www.scmp.com/business/companies/article/1067732/yahoos-3q-earnings-revenue-top-streets-forecast