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Yahoo Inc's (YHOO.O) quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business. Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected. Yahoo is in the process of auctioning off its search and advertising business, and is expected to choose a winner this week.
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Yahoo reports lackluster results as sale looms
(Reuters) – Yahoo Inc has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, The Wall Street Journal reported on Monday, citing sources. Yahoo asked bidders details regarding financing, conditions or approvals that would have to be met on their end, and what key assumptions they would be making by deciding to move forward with a deal, the Journal said, citing a letter sent to possible bidders. Yahoo could not be immediately reached for a comment outside regular business hours.
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Yahoo sets April 11 deadline for preliminary bids: WSJ