Following last week’s lackluster financial performance from both Google and Microsoft, yesterday was Yahoo’s turn to step up to the mic.

The numbers:

• Net income of $131 million
• Revenue of $1.346 billion.
• Q2 earnings of 9 cents per share, with Wall Street expecting 10 cents

The Analysts said:

Collins Stewart analyst Sandeep Aggarwal said Yahoo’s results will likely do little to either help or hinder its effort to remain independent…”It looks like a non-event,” Aggarwal said, “it was a bad quarter, but it was also expected.”

Yahoo said:

“Despite a difficult economic environment, we posted solid results in line with the ranges we indicated in April…Our diverse advertiser base and compelling value proposition for our customers were key factors behind Yahoo’s strong second-quarter performance,” [Chief Financial Officer Blake] Jorgensen said.

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