Yahoo Beats Estimates & Shares Rise Almost 5% After Hours

Yahoo Beats Estimates & Shares Rise Almost 5% After Hours

Yahoo Beats Estimates & Shares Rise Almost 5% After Hours 2012 October 22 by Michael Berkens Follow @TheDomains Yahoo! Inc. (NASDAQ: YHOO) reported results for the quarter ended September 30, 2012 after the market closed today Yahoo beat analysts’ expectations revenue in the three months ended in September rose 2% to $1.09 billion, yielding EPS of 35 cents. Analysts on averaged had been expecting $1.08 billion and 26 cents a share. Display revenue was flat, year over year, at $452 million, while search ad revenue was better than expected, rising 11% to $414 million. A $2.8bn gain from the sale of the company’s stake in China’s Alibaba drove up revenues. Revenue excluding traffic acquisition costs (“Revenue ex-TAC”) was $1,089 million for the third quarter of 2012, a 2% increase compared to the third quarter of 2011. GAAP revenue was $1,202 million for the third quarter of ...

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