Yahoo earnings

It's been awfully quiet on the earnings front in recent weeks, and there's a reason: This is the time of year when accountants are nailing down the financials for the fiscal quarters that ended in September. Later this week, the conference calls will begin trickling in, and then it will be a deluge of quarterly reports until early November.

Analysts expect the leading Web portal to report a 15% increase in earnings for the second quarter, largely due to cost cutting. Revenues are expected to be flat year-over-year.

Yahoo reported its first quarter results Tuesday, which soundly beat Wall Street's earnings estimates but fell short of analysts' expectations on revenues.

Since Carol Bartz joined Yahoo (YHOO) as chief executive officer in January, she has been busy cleaning house, streamlining expenses and trying to turn the struggling search company around. In the process, she has reduced the employee count by five percent, or 700 people. Industry watchers see...