Yahoo! (YHOO) Tops Q1 EPS by 1c
Yahoo! (NASDAQ: YHOO) reported Q1 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Ex-tac revenue for the quarter came in at $859.4 billion versus the consensus estimate of $846.5 billion. GAAP revenue came in at $1.09 billion vs consensus of $1.08 billion.
“I’m pleased that we delivered Q1 results in line with our expectations. Our 2016 plan is off to a solid start as we continue to focus on driving efficiency, lowering costs, and improving long-term growth,” said Marissa Mayer, CEO of Yahoo. “In tandem, we made substantial progress towards potential strategic alternatives for Yahoo. Our board, our management team, and I are completely aligned on this top priority for shareholders.”
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