Ahead of the Bell: Yahoo CEO to share her vision
SUNNYVALE, Calif. (AP) — Yahoo CEO Marissa Mayer is expected to share her plans for turning around the Internet company in a conference call with analysts and investors Monday afternoon.
The call is being held after the stock market closes to review Yahoo's third-quarter earnings. Those numbers probably won't be nearly as interesting as what Mayer has to say.
Yahoo Inc. hired Mayer away from rival Google Inc. in mid-July, the day before the company released its second-quarter earnings. Mayer didn't participate in the second-quarter conference call, preferring to devote her time to introducing herself to Yahoo managers and other executives.
Thursday will mark the first time she has publicly discussed her vision for the company.
While keeping a low profile externally, Mayer has been busy getting better acquainted with Yahoo's operations and bringing in new leadership. She has hired a new chief marketing officer, a new chief financial officer whose first day on the job is Monday and a chief operating officer who will join her by Jan. 22.
Mayer, 37, gave birth to a boy on Sept. 30. She took a brief maternity leave before returning to work at Yahoo's Sunnyvale, Calif., headquarters last week.
The third-quarter results are expected to show little or no revenue growth, a source of long-running frustration for investors because Yahoo runs one of the Internet's most-visited websites yet can't seem to sell more advertising. The company's earnings are expected to rise, largely because of cost-cutting.
Mayer is expected to boost spending again as she tries to attract more engineering talent to work at Yahoo and create services that make people want to stay on its website for longer periods of time.
Analysts, on average, expect Yahoo to earn 26 cents per share on net revenue of $1.08 billion. The earnings exclude one-time gains and the revenue doesn't include the advertising commissions that Yahoo pays its partners.