This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. Yahoo has ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates. The results announced Monday Oct. 22, 2012, show Yahoo's net revenue barely grew at a time when advertisers are spending more money marketing their products and services online. Nevertheless, the numbers were slightly better than analysts projected. (AP Photo/Marcio Jose Sanchez)
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This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. Yahoo has ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates. The results announced Monday Oct. 22, 2012, show Yahoo's net revenue barely grew at a time when advertisers are spending more money marketing their products and services online. Nevertheless, the numbers were slightly better than analysts projected. (AP Photo/Marcio Jose Sanchez)
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FILE - In this Oct. 20, 2012 photo, people line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. Apple's profit surge halted in the latest quarter, as a flood of new products like the iPhone 5 meant high start-up costs for new production lines. Apple posted net income for the October to December quarter that was flat with the year before. It was the first time in years that Apple didn't post a double-digit earnings increase. (AP Photo/Andy Wong, File)
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Federal Trade Commission (FTC) Chairman Jon Leibowitz speaks during a news conference at FTC in Washington, Thursday, Jan. 3, 2013, to announce that Google is agreeing to license certain patents to mobile phone rivals and stop a practice of including snippets from other websites in its search results as part of a settlement to end a 19-month investigation in the search leader's business practices. ( AP Photo/Jose Luis Magana
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This Thursday, Jan. 3, 2013, photo shows a Google sign at the company's headquarters in Mountain View, Calif. Google is pledging to license hundreds of key patents to mobile computing rivals under more reasonable terms and to curb the use of snippets from other websites in Internet search results in a settlement that ends a high-profile antitrust probe. (AP Photo/Marcio Jose Sanchez)
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Federal Trade Commission (FTC) Chairman Jon Leibowitz gestures as he speaks during a news conference at FTC in Washington, Thursday, Jan. 3, 2013, to announce that Google is agreeing to license certain patents to mobile phone rivals and stop a practice of including snippets from other websites in its search results as part of a settlement to end a 19-month investigation in the search leader's business practices. ( AP Photo/Jose Luis Magana
Ahead of the Bell: Yahoo to update turnaround bid
SAN FRANCISCO (AP) — Yahoo's fourth-quarter earnings report will provide an update of new CEO
Marissa Mayer's efforts to revive the Internet company's revenue growth.
The results, due out after the stock market closes Monday, cover Mayer's first full quarter as Yahoo's leader. She left Google Inc. to join Yahoo in mid-July, shortly after the third quarter had already begun.
Although Yahoo still hasn't proven it can generate sustained revenue growth for the first time since 2008, investors have already been betting Mayer is on her way to pulling it off.
Yahoo's stock price has been trading above $20 for much of this month, hitting its highest levels since September 2008. The shares closed last week at $20.37. That translates into a gain of about 30 percent since Mayer joined the company.
Much of the confidence in Mayer, 37, may stem from the respect she won while helping to build Google into the Internet's most profitable company during her 13-year tenure there.
Since coming to Yahoo, Mayer has been trying to improve employee morale and intensify the company's focus on mobile and social networking services — two of technology's hot spots in recent years.
Despite its early enthusiasm for Mayer, Wall Street isn't expecting a lot from Yahoo Inc. Analysts surveyed by FactSet foresee a slight rise in earnings from the previous year, to 27 cents per share, excluding an $83 million charge that Yahoo plans to take to account for the recent closure of its South Korean operations. Investors are likely to pay more attention to Yahoo's revenue, minus ad commissions, which analysts predict will be unchanged from the previous year at $1.21 billion.
The stalled revenue has stemmed from Yahoo's inability to attract more advertising, even though a bigger slice of the marketing budget is being diverted to the Internet. Google's fourth-quarter report released last week showed the Internet search leader's ad revenue, minus commissions, had climbed 17 percent from the previous year.
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