What’s Next for Yahoo?
Yahoo (NASDAQ:YHOO) will release its fourth-quarter earnings on Monday after the markets close, and analysts are expecting the report to round off a fourth consecutive year of decreasing revenue. Expectations are that revenue will drop about 10 percent for the year to $4.6 billion as the company continues to lose advertising dollars to competitors like Google (NASDAQ:GOOG) and Facebook (NASDAQ:FB).
Yahoo has been in turn-around mode for a few years, and CEO Marissa Mayer has finally been at the company long enough to not be referred to as the new boss. Mayer, who was the 20th employee at Google and remained at the company until she left for Yahoo, has been CEO since July. Suffering just one significant sell-off in August, the company’s stock has come up 33 percent under her leadership to about $20 per share on Friday ahead of the earnings. Before this, shares had been trapped in a range between $14 and $17 ever since the financial crisis.