Yahoo Finance is out with its annual report for the second quarter of the year.
While it’s a mixed bag, Yahoo is well ahead of the curve on revenue growth, earnings growth and earnings per share.
But there are a few problems.
We’ve got to get more specific on the numbers.
Read More , the company’s first-quarter results showed $1.7 billion in revenue and $1 billion in net income.
That’s up from $1,732 million in the same period a year ago.
Yahoo has also been making some bold moves.
It is selling some of its mobile and web businesses.
Yahoo is also adding more and more data to its cloud services.
And its earnings pershare was up just slightly from last year.
However, Yahoo’s results were mixed and it’s not clear what the company is looking for from the future.
Yahoo Finance has been tracking Yahoo’s performance since the company took over the reins of Yahoo’s mobile and internet businesses in 2013.
The firm has been a little more conservative than analysts.
Its average estimate for revenue growth is 2.9%, compared with 4.4% for net income in the previous quarter.
Analysts also have a higher rate of growth than Yahoo’s numbers, which are generally less positive.
Yahoo said it expects revenue growth of 7% for the full year, compared with 7% in the year-ago quarter.
The company said it’s looking to make more investments in the cloud, which could lead to further earnings per unit growth.
However the company isn’t sure if it’s able to get those investments to bear.
Yahoo also noted that the company has been able to make a profit on a $7 billion debt deal it struck in January with China’s Alibaba Group Holding Ltd.
This will allow it to take on a larger chunk of Alibaba’s debt and increase its leverage.
Yahoo’s debt was $19.6 billion at the end of 2016, and it had $7.2 billion of outstanding debt at the time of the deal.
Alibaba, the country’s largest e-commerce company, will pay $6.6 million per month in dividends.
Yahoo expects to pay $9 billion in total in the deal and said that the rest of its cash will come from “investments in its businesses and products.”
Yahoo said the deal will be finalized in the fourth quarter of 2017.
Yahoo Chief Executive Marissa Mayer said the acquisition is the result of a “combination of smart strategic decisions, strategic alignment, and a combination of smart investments in Yahoo’s core businesses.”
However, she noted that Yahoo’s revenue was down in the second half of the first quarter.
Yahoo, which also had $2.5 billion in losses in the first half of 2016 and $9.2 million in net loss, had a net loss of $3.9 billion for the quarter.
It’s a far cry from the $20 billion that Yahoo has reported in the past year.
But the company said the revenue loss was offset by a $9 million increase in the value of Yahoo Mail, which is now worth $4 billion.
Yahoo still has $8 billion in cash and $8.4 billion in marketable securities, which it plans to sell to pay off its debt.
The search giant said it has $4.3 billion in long-term debt.
However Mayer said that its debt is under control, which gives the company the flexibility to focus on its growth strategy.
Yahoo will also be selling its Yahoo Mail and Yahoo Finance businesses, Yahoo Finance said.
Yahoo CEO Marissa Meyer said Yahoo has reached a point where we’re ready to do a complete transformation of Yahoo, but it will take a long time to complete that transformation.
Yahoo chief financial officer David Sacks said the company plans to keep Yahoo Finance as an investment vehicle for its core business, but also to create more flexibility in the growth strategy for Yahoo Finance.
The restructuring will be “significant” to Yahoo, Sacks told investors in a conference call Thursday.
Sacks added that Yahoo Finance will continue to have a strong focus on improving the company and its brands, while “other strategic initiatives” will focus on Yahoo’s overall growth strategy and its future.