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Quinn: Grading Silicon Valley’s earnings season, so far, with Rebecca Lieb in San Jose Mercury News

Altimeter Group

As quoted in San Jose Mercury News:

While the company met analysts' revenue and profit expectations for the fourth quarter, the key takewaway is that revenue was down 2 percent. That confirmed analysts' fears that Yahoo's core business -- advertising -- continues to shrink. The departure of the company's chief operating officer a week before its earnings report also unnerved investors.

"Yahoo disappointed," said Rebecca Lieb, an industry analyst for the Altimeter Group. "Yahoo remains a moribund company in search of an identity."...

Read the rest of this article on San Jose Mercury News.