"Yahoo! had a solid third quarter, and we are encouraged by the stabilization in search and display revenue," said Marissa Mayer, the company's CEO. "We're taking important steps to position Yahoo! for long-term success, and we're confident that our focus on quality and improving the user experience will drive increased value for our advertisers, partners and shareholders."
Based on Tuesday's close at $15.77, Yahoo! shares were down 2.2% in 2012.
Other stocks active after the closing bell on Monday were Texas Instruments (TXN - Get Report), whose stock was flat on volume of nearly 800,000 after the chip maker topped Wall Street's expectations for the third quarter but issued a below-consensus forecast for the fourth quarter; and Veeco Instruments (VECO - Get Report), whose shares fell nearly 5% to $27.50 on volume of nearly 150,000 after the Plainview, N.Y. maker of technology capital equipment forecast non-GAAP earnings of 4 to 16 cents a share for the fourth quarter vs. Wall Street's estimate of 34 cents a share.
Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
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