Yahoo Earnings

Yahoo announced earnings today and although the company didn’t upset with earnings, they didn’t impress, either.

They reported revenues being up 14% at 1.35 billion. They reported that their US based traffic was up 19% but international business declined by 11%.

CEO Jerry Yang spoke very upbeat, saying that he believes the company can significantly increase revenue and double cash flow. Whether this is just talk or something can be achieved is yet to be seen.

Microsoft is still talking “takeover” but as of yet, there is no agreement between the two companies.

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