Henry Blodget provides a succinct summary of today’s Yahoo quarterly earnings release:
Yahoo has done what it needed to do: report a solid quarter in the high end of the range. The results were not a blow-out and certainly could have been higher. However, they should be enough to allow Yahoo to maintain its current Microsoft stance: no deal unless you raise price. Yahoo has not decided whether to pursue Google outsourcing deal, but clearly still on table.
To make it even more succinct: Nothing’s changed.