Yahoo Shows Some Progress in Last Stretch as Stand-alone Company

In its final months as a standalone company, Yahoo is showing signs it can move toward growth, according to Bloomberg.

Yahoo made progress in its last quarterly earnings report before the sale of its main internet operations to Verizon Communications Inc., posting adjusted revenue and profit that topped analysts’ estimates. The web portal, which had said the Verizon deal would close in the current quarter, narrowed the time frame to June.

“As we enter our final quarter as an independent company, we are committed to finishing strong and planning for the best possible integration with Verizon,“ CEO Marissa Mayer said in a statement on the results.

Revenue, excluding sales passed on to partners, was $833.8 million, compared with analysts’ average estimate of $814 million, according to data compiled Bloomberg. Profit, before certain items, was 18 cents a share. Analysts projected 14 cents. Before this announcement, the company had failed to meet estimates for revenue and adjusted earnings in four of the last nine quarterly reports.