Yahoo Shows Some Progress in Last Stretch as Stand-alone Company
- Adjusted revenue of $833.8 million tops analysts’ estimates
- Sale of web operations to Verizon scheduled to close in June
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In its final months as a standalone company, Yahoo! Inc. is showing signs it can move toward growth.
Yahoo made progress in its last quarterly earnings report before the sale of its main internet operations to Verizon Communications Inc., posting adjusted revenue and profit that topped analysts’ estimates. The web portal, which had said the Verizon deal would close in the current quarter, on Tuesday narrowed the time frame to June.