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.