Reuters/Pascal Lauener
Yahoo CEO Marissa Mayer
Yahoo will report its second quarter earnings Monday afternoon.
Most analysts expect Yahoo to report declines across the board. We'll be covering the earnings results as they come out, so hit refresh or click here to view the latest.
Here are Wall Street's estimates versus last year's results:
- Q2 adjusted earnings per share (EPS): $0.10, down from $0.16 in Q2 2015.
- Q2 Revenue: $1.08 billion, down about 13.4% from $1.24 billion in the year-ago period.
At this point of course, most investors are focused on the potential sale of Yahoo, as opposed to the ongoing challenges in its business. The company is reported to be accepting the final rounds of bids from interested buyers of its core internet business on Monday afternoon.
It's unclear if the company will disclose any details around the bids during the earnings call. Companies like Verizon, AT&T, and a number of private equity firms are reported to be in the race to buy Yahoo's core assets. There's also a chance that the company might not get sold at all, if the bidding prices are too low.
During last month's annual shareholder meeting, Mayer said the company was "continuing to make great progress" in the sales process and that she was "heartened by the interest in Yahoo."