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Yahoo CEO Marissa Mayer–First Earnings

Oct 23 2012

Marissa Mayer

Marissa Mayer (Photo credit: Wikipedia)

Yahoo CEO Marissa Mayer–First Earnings

Yahoo CEO Marissa Mayer made her first earnings report in October 2012. In the conference she said that she is very impress with the progress of the company in the third quarter. She also said that Yahoo is working with Microsoft to improve search. Wall Street though wants to know what the outline is for reviving the Web Company's revenue growth.

Yahoo is expected to have a revamp in its technology and products instead of the media centric approach that the former CEO had. Mayer was able to recruit one of Google's advertising executives to help her. Mr. Castro, will start work as the chief operating officer in January of 2013. Mayer is also adopting Google's policy of giving its employees free meals. She also is giving them free smartphones and has replaced the chief financial officer. Mayer has also been thinking about doing a revamp on Yahoo's home page. Yahoo ended the quarter with 12 percent less employees of a year ago.

Mayer was hired last July, the day before Yahoo's second quarter earnings came out. She wasn't a part of the company's review of those results.

Recently, Mayer has been trying to make stockholder happy by distributing a lot of the proceeds it gets from a $7.6 billion deal that sold half of Yahoo's stake in Alibaba Group. Analysts may ask her for more information on paying a special dividend or about buying back more company shares. Analysts project earnings of about 26 cents a share on revenue of $1.08 billion.

So as of right now, it looks like Marissa Mayer is doing her job well and is trying to make Yahoo a better site.

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