Company News: Yahoo! (YHOO) Q3 EPS beat analysts’ estimates

Market news

19 October 2016

Company News: Yahoo! (YHOO) Q3 EPS beat analysts’ estimates

Yahoo! reported Q3 FY 2016 earnings of $0.20 per share (versus $0.15 in Q3 FY 2015), beating analysts' consensus estimate of $0.14.

The company's quarterly revenues amounted to $0.857 bln (-14.6% y/y), slightly missing analysts' consensus estimate of $0.861 bln.

The company issued downside guidance for Q4, projecting Q4 revenues of $0.88-0.92 bln versus analysts' consensus estimate of $0.939 bln.

YHOO rose to $42.20 (+1.25%) in pre-market trading.

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