The stock also tends to tick up slightly during earnings season, posting its biggest gains through the print and about five days following the report.
Yahoo shares remained flat at US$47.56 in after-market trades that followed release of the earnings figures after having ended the official trading day up less than half a per cent.
The deal is expected to close in the second quarter of 2017 until which Yahoo will continue to operate independently. This represented EPS' year-over-year growth of 75 percent while revenue is predicted to advance 13.5 percent.
Yahoo! had a negative net margin of 4.15% and a positive return on equity of 0.65%.
As Verizon prepares to take over Yahoo's media assets, which it acquired for $4.48 billion, search revenue jumped to $745 million, from $492 million in the first quarter of 2016. During the same period in the previous year, the firm posted $0.13 EPS.
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After subtracting ad commissions, Yahoo's revenue totaled $834 million in the first quarter, a 3 percent decrease from a year ago. (YHOO) reported its Actual EPS of $0.25/share.
Several analysts have weighed in on YHOO shares. They were forecasting US$0.13 per share three months ago. Cantor Fitzgerald set a $50.00 price objective on shares of Yahoo! and gave the company a "buy" rating in a research note on Monday, December 26th. Yahoo stock rose.03% to 47.56 in Tuesday's regular session. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.
In related news, CRO Lisa Utzschneider sold 920 shares of the company's stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $46.52, for a total value of $31,773.16. Following the completion of the transaction, the executive now owns 576,260 shares in the company, valued at $26,363,895. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Credit Suisse Maintains the company's stock to Neutral on 7/26/16 by setting a price target of $46. Canyon Capital Advisors LLC raised its stake in shares of Yahoo! by 12.0% in the third quarter. Henderson Group PLC boosted its stake in Yahoo! by 316.8% in the third quarter. Display revenue fell 2% to $456 million in the quarter.
Nantahala Capital Management LLC increased its position in Yahoo! Inc. The current share price indicate that stock is -1.28% away from its one year high and is moving 29.06% ahead of its 52-week low.
Moreover, Yahoo in the first quarter has updated the Yahoo Answers Now with new engagement features like social sharing, the question of the day, and notification controls.