Yahoo! (YHOO) reported quarterly earnings results on Monday, Jul-18-2016. The company reported $0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.10. The company posted revenue of $842.00 million in the period, compared to analysts expectations of $836.80 million. The company’s revenue was down -19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Yahoo!. Shares were Downgraded by SunTrust on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $44 .Pivotal Research Group Downgraded Yahoo! on Jul 11, 2016 to ” Hold”, Price Target of the shares are set at $41.Yahoo! was Upgraded by Citigroup to ” Buy” on Jun 16, 2016.
Yahoo! closed down -0.24 points or -0.63% at $37.72 with 1,35,13,375 shares getting traded on Friday. Post opening the session at $38.16, the shares hit an intraday low of $37.68 and an intraday high of $38.185 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 14, 2016, Lisa Utzschneider (Chief Revenue Officer) sold 339 shares at $38.00 per share price. According to the SEC, on May 5, 2016, Kenneth A Goldman (Chief Financial Officer) sold 200,000 shares at $36.10 per share price. On Apr 20, 2015, Marissa A Mayer (Chief Executive Officer) sold 100,000 shares at $46.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. Yahoo.com offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.