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Yahoo! (YHOO) Stock Gains on Q1 Earnings and Revenue Beats

Yahoo! Inc YHOO just released its first quarter fiscal 2016 earnings results, posting earnings of $0.01 per share and non-GAAP revenue of $859.4 million.  

Currently, YHOO has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Yahoo!:                                                   

1. Beat earnings estimates. The company posted earnings of $0.01, beating our Zacks Consensus Estimate of $-0.02. This number excludes $0.11 from non-recurring items.

2. Beat revenue estimates. The company saw non-GAAP revenue figures of $859.4 million, surpassing our consensus estimate of $846 million but reflecting a -11.4% year-over-year change.

3. Reported total traffic-driven revenue, including both mobile and desktop, of $1.034 billion for the quarter.

4. Cash, cash equivalents, and marketable securities were $7.1 billion as of March 31, 2016.

5. YHOO was up $0.12, or 0.33%, to $36.45 as of 4:38 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Yahoo’s Street EPS and Surprise Percent:

Yahoo! Inc. is a global Internet communication, commerce, and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web, Yahoo! is one of the leading guides in terms of traffic, advertising, and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients.

Check back later for our full analysis onYahoo’s first quarter earnings report!

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