19-04-2016 23:45 via news.yahoo.com

Yahoo barely beats Wall Street view as offers trickle in for core business

Yahoo Inc's first-quarter results beat Wall Street estimates by a hair but revenue dropped 11.3 percent, as the web-pioneer struggled to boost growth in the core online search and display advertising business that is in the processing of auctioning off. Analysts on average had expected revenue of $1.08 billion, according to Thomson Reuters I/B/E/S. On an adjusted basis, it earned 8 cents per share. "Given all the challenges Yahoo has faced with the reduction of its workforce and the Alibaba spin
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