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Yahoo reports earnings in line and down 2.3% after hours

February 2, 2016 by Raymond Hackney

Alphabet (Nasdaq:GOOGL) reported strong earnings and the stock hit a new high on the way to becoming the most valuable publicly traded company in the world. The Robin to their Batman, Yahoo (Nasdaq:YHOO) reported earnings today after the close.

Yahoo Q4 EPS $0.13 Adj. vs. $0.13 Est.; Q4 Revs. $1.27B vs. $1.19B Est. • $YHOO.

The stock is down 2.3% in after hours trading. The company is going to layoff employees. Fortune reported,

Yahoo confirmed that it will “simplify” about 15% of its current workforce out of the company, closing 5 offices and shedding a total of about 1,700 employees. About 9,000 would be left, or about 40% fewer than it had in 2012.

The whole Fortune article is worth the read if you are long or short Yahoo.

Filed Under: Yahoo

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

« Namejet.com Reports Almost $2.5 Million In Domain Sales In January
Sedo Weekly Transactions Total $1million led by 2230.com »

Comments

  1. joe blow says

    February 2, 2016 at 6:47 pm

    Time to give Marisa Mayer her severance package. She’s running Yahoo straight into the ground.

  2. Ray Marshall says

    February 2, 2016 at 10:31 pm

    I think Jeff Bezos will eventually take a close look at Yahoo. I think he would do a better job of adding value to this company than Marissa Mayer IMHO. Potential synergies for the two companies.

  3. SoFreeDomains says

    February 4, 2016 at 2:32 am

    Yahoo should take a cue from Google – get involved in so many things.


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