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.