SAN FRANCISCO — Yahoo’s quarterly earnings fell short of Wall Street expectations on Monday in what may be the company’s last financial report before it sells its core business.Yahoo reported adjusted earnings of 9c per share, short of the 10c that analysts expected. It also announced a $482m write-down on the value of Tumblr, the social media service that it acquired in 2013 for $1.1bn.Yahoo is in the process of auctioning off its search and advertising business, and is expected to choose a winner this week. The company said its board has made "great progress on strategic alternatives" but did not comment further on the auction process.Verizon Communications and AT&T are said to be in the running to acquire the core business, along with private equity firm TPG Capital and a consortium led by Quicken Loans founder Dan Gilbert and backed by billionaire Warren Buffett.Yahoo also owns large stakes in Chinese ecommerce giant Alibaba and Yahoo Japan, which are worth far more than the com...
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