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July 16, 2012 Marissa Mayer named CEO.

Breaking News, 2012 Q2: Yahoo! Q2 Profit Down - Quick Facts

( - Yahoo! Inc. (YHOO) reported that its second-quarter net income attributable to the company was $226.63 million, down from $236.97 million in the same quarter last year. On a per share basis, net income was $0.18 flat with last year.

Non-GAAP net income was $326.55 million or $0.27 per share, up from $237.13 million or $0.18 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter decreased to $1.22 billion from $1.23 billion in the prior year quarter. Revenue excluding traffic acquisition costs was $1.081 billion for the second quarter of 2012, flat compared to the second quarter of 2011. Twenty nine analysts had consensus revenue estimate of $1.10 billion for the quarter.

Remember Louis Gerstner at IBM, April 1993 to December 2002?

Stay tuned!
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