NEW YORK (TheStreet) -- Yahoo! (YHOO) stock is gaining by 0.47% to $36.50 in after-hours trading on Tuesday, after the company reported 2016 first quarter earnings that were slightly above analysts' estimates. 

After the market close, the technology giant reported adjusted earnings of 8 cents per share, beating analysts' expectations for 7 cents per share.

Revenue came in at $1.09 billion for the most recent period, higher than estimates for $1.08 billion. Revenue within Yahoo!'s Mavens (mobile, video, native and social media) segments increased to $390 million from $365 million in the year-ago period. 

However, both earnings and total revenue declined year-over-year, down from earnings of 15 cents per share on revenue of $1.23 billion for the 2015 first quarter.

Yahoo! has been under pressure to revive its core Internet business, and the company's board recently received bids for its core assets. CEO Marissa Mayer is expected to elaborate on the sale process as well as her turnaround plan during Yahoo!'s earnings conference call, scheduled to begin at 5 PM EDT.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C-.

Yahoo!'s strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

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. 

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