Yahoo Rides Mobile Gains To Q3 Beat; Sales Rise 1%
Struggling Internet company Yahoo, under pressure following a Q2 miss and an activist-investor revolt, late Tuesday posted Q3 earnings that beat expectations as the company saw more gains from its mobile business — even as display ad revenue continues to fall. Yahoo (YHOO) said that its Q3 sales — excluding so-called traffic acquisition costs (TAC), or payments to other websites to carry ads — rose 1% from the year-earlier quarter to $1.09