Yahoo 2016 Q3 earnings report brings a potential sign of hope after 2014 breach disclosure
On Tuesday, Yahoo Inc. released its earnings report for the 2016 third quarter, posting an increase in profit as well as in the usage of Yahoo Mail email service. Yahoo also said that the total number of its users is holding steady.
The latest quarterly earnings report released by Yahoo marks a bright spot for the company, especially after it revealed in a September announcement hackers had compromised nearly 500 million user accounts in a massive 2014 data breach recently discovered by the company.
Ever since Yahoo's disclosure of the hack, there has been a slight increase in the number of mail messages sent and read by Yahoo users, and also in the number of page views.
In its 2016 third-quarter earnings report, Yahoo said that its earnings for the mentioned quarter stood at $162.8 million -- or 17 cents per share -- and 20 cents per share, with certain expenses not included.
With Yahoo also having issued a stronger-than-expected earnings outlook for the 2016 fourth quarter, JMP Securities analyst Ron Josey said about Yahoo's latest quarterly earnings report: "Frankly, I look at the numbers, they're not that bad relative to what they could have been. It should be somewhat more comforting to see that things aren't falling off a cliff."