SAN JOSE, Calif. – In the wake of scandals threatening Yahoo’s $4.8 billion sale to Verizon and its user base, CEO Marissa Mayer on Tuesday said the company is working busily toward consummating the deal while taking “deep responsibility” for protecting users’ personal information.
Revenue hit $1.3 billion, on par with the previous quarter and up slightly from the $1.2 billion in the third quarter of 2015, according to the report.
Sales, with the cost of acquiring web and mobile traffic removed, stood at $858 million, slightly below analysts’ target of $860 million.
The firm’s earnings per share, at 20 cents for the latest quarter, far surpassed Wall Street expectations of 14 cents.
