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Yahoo reports flat earnings amid acquisition talks

TechCrunch TechCrunch 19/04/2016 Katie Roof

Wall Street is watching Yahoo today, but not just because of its first quarterly earnings announcement that was reported after the bell . The company is for sale and reportedly has a slew of bidders , including TechCrunch’s parent, Verizon.

While it is not yet clear what the final outcome will be for the troubled internet company, one of Yahoo’s final earnings reports managed to stay slightly above investor expectations.

Analysts were forecasting $1.08 billion in revenue, close to Yahoo’s $1.087 billion reported. The Street was expecting adjusted earnings of 7 cents per share, just beneath the 8 cents reported. This is still well beneath the 15 cents per share reported in the same quarter last year.

“I’m pleased that we delivered Q1 results in line with our expectations. Our 2016 plan is off to a solid start as we continue to focus on driving efficiency, lowering costs, and improving long-term growth,” said Marissa Mayer, CEO of Yahoo, in a statement. “In tandem, we made substantial progress towards potential strategic alternatives for Yahoo. Our board, our management team, and I are completely aligned on this top priority for shareholders.”

(Regardless of what happens to Yahoo, Mayer herself may still fetch millions) .

Yahoo shares were flat in after hours. The stock is down 18% in the past year and has a market cap of $34 billion. .

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