Yahoo on Monday reported better-than-expected earnings for the third quarter, sending its share price up by 3 percent in after-hours trading. Excluding its sale of Chinese internet giant Alibaba last month, which brought in a one-time quarterly gain of $2.8 billion, Yahoo posted $177 million in net income. It is the company's first quarterly report since hiring Marissa Mayer, a former Google executive, to helm the company. Despite the improved earnings, analysts say the gloomy outlook for Yahoo won't change until Mayer outlines her plan for turning the company around.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How academia's liberal bias is killing social science
- Why Pakistan won't hunt down the terrorists within its borders
- 43 TV shows to watch in 2014
- What would a U.S.-Russia war look like?
- Pope Francis' American problem
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Sorry, GOP, tax cuts don't pay for themselves
- Why TheWeek.com is closing the comments section
- A brief history of the Christmas present
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
Subscribe to the Week