NEW YORK (
The technology company reported after yesterday's market close earnings of 15 cents per share on revenue of $1.23 billion for the latest quarter, while analysts expected earnings of 17 cents per share on revenue of $1.26 billion.
Yahoo!'s stock price target was reduced to $49 from $56 at Oppenheimer due to a lower valuation of Alibaba (BABA), of which Yahoo! owns 15%, as well as the growing uncertainty of the tax implications of the spin-off of that stake.
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