Company News: Yahoo! (YHOO) Q4 Earnings Meet Analysts’ Expectations

Market news

3 February 2016

Company News: Yahoo! (YHOO) Q4 Earnings Meet Analysts’ Expectations

Yahoo! reported Q4 FY 2015 earnings of $0.13 per share (versus $0.30 in Q4 FY 2014), in line with analysts' consensus.

The company's quarterly revenues amounted to $1.002 bln (-15% y/y), beating consensus estimate of $0.948 bln.

The company also reveals Q1 and FY 2016 revenue forecasts, which are below consensus. It sees Q1 revenues in the range of $820-860 mln versus consensus of $906.8 mln; FY 2016 revenues are projected to reach $3.4-3.6 bln versus consensus of $3.85 bln.

Yahoo! announced plans to reduce our workforce by roughly 15% and exit five offices in Dubai, Mexico City, Buenos Aires, Madrid, and Milan.

YHOO fell to $28.44 (-2.13%) in pre-market trading.

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