"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), 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), 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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