Shares of Yahoo! (NASDAQ:YHOO) saw unusually-high trading volume on
Wednesday following a stronger than expected earnings report, Analyst Ratings Network
reports. Approximately 50,457,865 shares were traded during mid-day
trading, an increase of 176% from the previous session’s volume of
18,279,185 shares.The stock last traded at $49.06 and had previously
closed at $47.99.
The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis.
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The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis.
Read more at Click here / www.trade4x.net
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