Published: Thu, April 27, 2017
Economy | By Melissa Porter

Yahoo reports $1.37 billion revenue in final quarter as independent company

Yahoo reports $1.37 billion revenue in final quarter as independent company

The brokerage presently has a "buy" rating on the digital content provider's stock. (YHOO)'s stock to Hold with no specific Price Target. (NASDAQ:YHOO) during the first quarter, Holdings Channel reports.

The company reported an impressive total revenue of 5.17 Billion in the last fiscal year.

In its final months as a standalone company, Yahoo is showing signs it can move toward growth.

The stock added in the prior trading session by 0.36%, closing at the stock price of $47.56. (NASDAQ:YHOO) opened at 47.00 on Tuesday. It also launched Yahoo Daily Fantasy in the United Kingdom. The company has a 50-day moving average of $46.45 and a 200 day moving average of $43.16.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. (NASDAQ:YHOO) last announced its earnings results on Monday, January 23rd. Absent the change, search revenue fell by $304 million (10%).

The Internet giant managed to surpass all Wall Street expectations and posted a 22.1 percent uptick in revenue figure as compared to $1.09 billion in the same quarter previous year. A month ago, they told us to expect earnings of US$0.15 per share while three months ago their EPS consensus estimate was US$0.15. (YHOO) is $48.47/share according to the consensus of analysts working on the stock, with an expected EPS of $0.14/share for the current quarter.

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In other news, CRO Lisa Utzschneider sold 974 shares of the business's stock in a transaction that occurred on Wednesday, March 22nd. Following the transaction, the executive now owns 573,851 shares of the company's stock, valued at approximately $26,695,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds have recently made changes to their positions in the stock.

Disclosure: I do not own any stocks mentioned in the article. Finally, Canyon Capital Advisors LLC boosted its stake in shares of Yahoo! by 12.0% in the third quarter. Mizuho Trust & Banking Co.

Several investment firms issued their expert ratings on Yahoo! Inc. Brighton Jones LLC now owns 7,173 shares of the digital content provider's stock valued at $309,000 after buying an additional 100 shares in the last quarter.

Yahoo!, Inc. operates as a digital media company that is focused on informing, connecting, and entertaining users through research, communications, and digital content products.

Based on the recent corporate insider activity of 178 insiders, corporate insider sentiment is positive on the stock.

Tuesday night, online information portal Yahoo! It operates through the following geographical segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific.

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