Glimmer for Yahoo: Even though

Glimmer for Yahoo: Even though most of Yahoo’s revenues are still advertising dependent, the web portal is is expected to report revenue of $217 million when it states its finances for the second quarter on Wednesday. That’s well within management’s guidance of $205 million to $225 million and a marked improvement compared with the $182.2 million reported for the same period last year.

“In the past year, Yahoo has undergone a management and strategy overhaul to refocus the business and stem revenue declines brought on by slack advertising sales…but while analysts applaud Yahoo’s diversification efforts, many remain cautiously optimistic about the company’s prospects over the short haul.”

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