Yahoo! (YHOO) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. YHOO said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.14. The company posted revenue of $857.00 million in the period, compared to analysts expectations of $860.82 million. YHOO’s revenue was down -14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Many Wall Street Analysts have commented on Yahoo!. Yahoo! was Downgraded by Needham to ” Hold” on Oct 18, 2016. Company shares were Reiterated by MKM Partners on Oct 17, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $44 .Company shares were Reiterated by BofA/Merrill on Aug 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .
Yahoo! closed down -0.18 points or -0.43% at $41.44 with 77,81,258 shares getting traded on Friday. Post opening the session at $42.04, the shares hit an intraday low of $41.405 and an intraday high of $42.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Oct 17, 2016, Lisa Utzschneider (Chief Revenue Officer) sold 339 shares at $42.08 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.