Looks like Yahoo had managed to stop the year-over-year revenue decline.
Judging by guidance, management continues to expect flat revenue growth.
The early stages of a turn around seem to be in play.
On the flip side, earnings continue to be supported by equity interest (Yahoo Japan and Alibaba). But as revenue increases, so will operational earnings. Yahoo's gross margins are sizable (and grew under Mayer), an increase to revenue will trickle to the bottom line nicely.
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