More on Yahoo's Q3: $750M credit facility obtained, boosting Yahoo's resources for...

|By:, SA News Editor

More on Yahoo's Q3: $750M credit facility obtained, boosting Yahoo's resources for acquisition-hunting. Job cuts contributed to the EPS beat - sales/marketing expenses -7% Y/Y, R&D -5%. Also contributing were $190M in stock buybacks, part of Yahoo's efforts to return the Alibaba proceeds. Search revenue +11% Y/Y, a nice improvement from Q2's +4%, evidence monetization is improving. Display ads flat (+1% in Q2), a sign of further share loss. CC at 5PM ET (webcast). YHOO +2.7% AH. (PR) (slides - PDF)