Yahoo! Q2 Preview: Wall Street Watching Bottom Line and Bidders
Wall Street will be watching to see which bidder is best positioned to buy Yahoo's assets.
Yahoo! (YHOO) is out with its second quarter results on Monday after the close. Analysts are looking for the internet search engine to earn $0.10 a share on sales of $1.08 billion. Last year, Yahoo! earned $0.16 a share on sales of $1.24 billion in its first quarter. Wall Street analysts will also be focusing on the progress with Yahoo!'s strategic alternatives which CEO Marissa Mayer said was a 'top priority' for Yahoo!'s Board of Directors at Yahoo!'s annual shareholder meeting. The final selection process will reportedly take place next week and some of the reported bidders include Dan Gilbert of Quicken Loans group, Verizon (VZ) - Get Report , TPG, Advent International, Vista Equity Partners, and AT&T (T) - Get Report .
