Yahoo! (YHOO) Q1 EPS, Revs Top Estimates, Q2 Outlook Inline; Shares Rise
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Price: $27.00 +1.58%
Revenue Growth %: -0.9%
Financial Fact:
Sales and marketing: 257.02M
Today's EPS Names:
CSS, STV, GIGM, More
Revenue Growth %: -0.9%
Financial Fact:
Sales and marketing: 257.02M
Today's EPS Names:
CSS, STV, GIGM, More
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Shares of Yahoo! (Nasdaq: YHOO) are trading up about 2.9 percent in the after-hours session Tuesday after reporting better-than-expected first-quarter results.
Revenue excluding traffic acquisition costs was up 1 percent year over year to $1.077 billion, versus the consensus of $1.06 billion. GAAP revenue was also up 1 percent to $1.221 billion.
Income from operations fell 11 percent from $190 million in the same period a year earlier to $169 million. First-quarter earnings were $0.24 per share, topping the Wall Street consensus estimate by $0.07 per share.
"In the first quarter, Yahoo!’s results came in at the high end of our guidance range and beat consensus on revenue and profits,” said Scott Thompson, CEO of Yahoo!. “We also made changes to resize the organization and establish a new leadership structure to quickly deliver the best user and advertiser experiences at scale."
Yahoo! sees second-quarter revenue between $1.03-1.14 billion vs. the consensus estimate of $1.06 billion.
Shares of Yahoo! last traded at $15.36.
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Revenue excluding traffic acquisition costs was up 1 percent year over year to $1.077 billion, versus the consensus of $1.06 billion. GAAP revenue was also up 1 percent to $1.221 billion.
Income from operations fell 11 percent from $190 million in the same period a year earlier to $169 million. First-quarter earnings were $0.24 per share, topping the Wall Street consensus estimate by $0.07 per share.
"In the first quarter, Yahoo!’s results came in at the high end of our guidance range and beat consensus on revenue and profits,” said Scott Thompson, CEO of Yahoo!. “We also made changes to resize the organization and establish a new leadership structure to quickly deliver the best user and advertiser experiences at scale."
Yahoo! sees second-quarter revenue between $1.03-1.14 billion vs. the consensus estimate of $1.06 billion.
Shares of Yahoo! last traded at $15.36.
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