
Yahoo! (YHOO) Stock Slumps in After-Hours Trading on Q2 Results
NEW YORK (TheStreet) -- Shares of Yahoo! (YHOO) are sliding 0.90% to $37.61 in after-hours trading on Monday after reporting mixed results for the 2016 second quarter.
After the market close, the technology giant reported adjusted earnings of 9 cents per share, below analysts' estimates of 10 cents per share.
Revenue came in at $1.31 million, which beat analysts' projections of $1.08 billion for the most recent period.
Sales within its Mavens segment, short for mobile, video, native, and social, was $504 million for the quarter, up from $401 million a year ago.
Mobile revenue increased to $378 million from $252 million in the year-ago period.
"In addition to our efforts to improve the operating business, our board has made great progress on strategic alternatives," CEO Marissa Mayer said in a statement. "We are relentlessly focused on delivering shareholder value."
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.
Yahoo!'s strengths such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: YHOO
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.










