Yahoo quarterly earnings and revenue top estimates

A man walks past a Yahoo logo during the Mobile World Congress in Barcelona Spain

Inc. (YHOO) delivered strong results for fiscal first-quarter 2017 after market close on April 18. The telco insisted on a lower price for the deal cut a year ago after discovering that more than 1 billion Yahoo accounts had been hacked in 2013 and 500 million in 2014.

Shares in the company edged up less than half a per cent. The relative volume of the stock is 1.44, while its market cap is $45.55 Billion. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The stock presently has a consensus rating of "Hold" and a consensus target price of $43.85.

Revenue from display advertising declined by 2%, as ads sold rose by 2% and prices stayed about the same. Excluding the impact of the Change in Revenue Presentation, which contributed $304 million to search revenue in the first quarter of 2017, search revenue decreased by 10 percent compared to the first quarter of 2016.

A price cut early this year kept Verizon on track to consummate the purchase of Yahoo's internet business, and share the costs from a pair of epic hacks that threatened to derail the deal. Yahoo! The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $814.32 million.

The company is expected to report earnings of $0.14 a share for the next quarter. Yahoo! has a 52-week low of $35.05 and a 52-week high of $47.75. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the stock. Its GAAP net earnings were $0.10 per share compared with a net loss of -$0.10 a year ago. The original version of this news story can be viewed at (YHOO)'s stock to Hold with no specific Price Target. Buy rating has been given by 4 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 1 analyst given HOLD rating. Following the completion of the transaction, the executive now directly owns 576,260 shares of the company's stock, valued at approximately $26,363,895. Mayer expects the transaction to close in June. Insiders sold a total of 2,577 shares of company stock valued at $114,928 over the last ninety days.

Yahoo! Inc. (YHOO) has a mean recommendation of 2.29, according to data compiled by Zacks Investment Research. The Financial Institutional ownership of the firm was 85.00% while by insiders was -11.76%.

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