Company News: Yahoo! (YHOO) posts better-than-expected quarterly results

Market news

19 April 2017

Company News: Yahoo! (YHOO) posts better-than-expected quarterly results

Yahoo! (YHOO) reported Q1 FY 2017 earnings of $0.18 per share (versus $0.08 in Q1 FY 2016), beating analysts' consensus estimate of $0.14.

The company's quarterly revenues amounted to $0.834 bln (-2.9% y/y), beating analysts' consensus estimate of $0.814 bln.

YHOO rose to $47.90 (+0.71%) in pre-market trading.

IMF says U.S companies may be tempted to channel cash from Trump tax cuts into financial risk-taking, not capital investments

Company News: IBM (IBM) reports worse-than-expected quarterly revenues

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