Yahoo beats on earnings, says Verizon deal to close in June

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Yahoo beats on earnings, says Verizon deal to close in June

Verizon in July reached an agreement to buy the core Yahoo web portal business for $4.83 billion. But that never translated into much sales growth - and early previous year the company began entertaining offers that led to the Verizon deal.

A number of brokerages have recently issued reports on YHOO.

"We feel incredibly proud that we executed so well against our 2016 plan and kicked off 2017 on a positive note by achieving our internal operating goals", said Ken Goldman, CFO of Yahoo.

Yahoo! Inc. (NASDAQ:YHOO) shares gained 1.04% to $47.39 on Monday. BGC Financial set a $49.00 price objective on Yahoo! and gave the stock a buy rating in a report on Wednesday, January 25th.

The analysts offering 12 month price targets for Yahoo!

Shares of Yahoo! (NASDAQ:YHOO) opened at 47.56 on Tuesday. The company's market cap is $45.09 billion.

Yahoo! Inc. (YHOO)'s distance from 200 day simple moving average is 12.17 percent, its distance from 50 day simple moving average is 3.44 percent, while its distance from 20 day simple moving average is 2.14 percent. Yahoo! has a 52-week low of $35.05 and a 52-week high of $47.75. Yahoo! also saw some unusual options trading on Monday. Inc. Hedge funds and other institutional investors own 78.06% of the company's stock. Traders acquired 328 put options on the company. Presently, it has a Return on Equity (ROE) of 250.80% and Return on Investment (ROI) of 0.70%.

Yahoo reported earnings Tuesday - likely for the last time. The internet portal posted adjusted diluted earnings per share (EPS) of $0.18 on revenue of $1.33 billion.

Despite the revenue downturn, Yahoo fared better during the first three months of the year than analysts had anticipated - a low bar that was another sign of how far the internet pioneer has fallen during the past decade.

Wall Street analysts expected the tech company to achieve first-quarter non-GAAP net earnings of $0.14 per share.

Yahoo reported non-GAAP net earnings of $0.18 per share, an increase of $0.10 per share from $0.08 per share in the same period a year ago.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. If you are viewing this report on another domain, it was illegally copied and republished in violation of USA & global trademark & copyright law. The original version of this piece can be accessed at [[permalink]]. Following the transaction, the executive now owns 576,260 shares of the company's stock, valued at approximately $26,363,895. Mayer expects the transaction to close in June. In the last ninety days, insiders have sold 2,577 shares of company stock worth $114,928. Bronfman E.L. Rothschild L.P. raised its stake in Yahoo! by 1.3% in the third quarter.

Disclosure: I do not own any stocks mentioned in the article.

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