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Column: Close but no cigar for Mayer's Yahoo

MINYANVILLE

MINYANVILLE Credit: MINYANVILLE

In its latest quarter, Yahoo met expectations, more or less. That may be a good thing, but it's hardly a great one.

In her first 18 months at the top of the company, Marissa Mayer has managed to slow, but not halt, the decline in key numbers behind the one-time giant in Web search and content.

Here's where we mention that Mayer, on taking the job in mid-2012, said it would require several years to turn around Yahoo.

On Tuesday, after the company released its quarterly results, Wall Street traders signaled that time's up. The stock dropped 2.4% in after-hours trading, to $37.29.

Even the Alibaba numbers failed to thrill. The Chinese e-tailing powerhouse, in which Yahoo has a 24% stake, showed a 51% year-over-year increase in revenue, but analysts picked up signals that its margins were showing signs of shrinkage. The wannabe Wall Street darling is expected to go public sometime this year.

Full story at Minyanville.

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