Yahoo Reports Disappointing Earnings

Happy Anniversary, Marissa! In a week that marked Marissa Mayer’s one-year anniversary at the helm of Yahoo, the Internet giant reported somewhat blah results. While it reported a healthy profit ($331.15 million) for the second quarter, the company’s core business of selling digital display advertisements fell 11 percent, while search revenue was off 5 percent. Yahoo also lowered its forecast for the full-year earnings and revenue numbers.