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Stock Market & Financial Investment News

News Breaks
December 19, 2012
06:56 EDTYHOO, GOOGYahoo Chinato close music service, The Next Web reports
Yahoo (YHOO) is closing its music service in China, effective January 20, according to The Next Web. Google (GOOG) shut down its own Chinese music service in September. Reference Link
News For YHOO;GOOG From The Last 14 Days
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October 21, 2014
18:36 EDTYHOOOn The Fly: After Hours Movers
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17:48 EDTYHOOYahoo, Tumblr monthly active users exceeds 1B, up 6% vs. last year
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17:38 EDTGOOGHimax announces Google will not exercise additional investment option in company
Himax Technologies (HIMX) announced that Google (GOOG) has decided not to exercise its previously issued purchase option to make an additional investment into Himax's subsidiary, Himax Display. Himax has been authorized by Google to make the following statement: "Google continues to work closely with Himax as a strategic partner on future technologies and products and will remain a board observer." Shares of Himax are down 13.7% following the report.
16:23 EDTYHOOYahoo jumps 3% to $41.35 after Q3 beats expectations
16:13 EDTYHOOYahoo sees Q4 revenue ex-TAC $1.14B-$1.18B , consensus $1.17B
Sees Q4 non-GAAP net income $190M-$230M, consensus 31c. Sees Q4 adjusted EBITDA $340M-$380M. Outlook issued in earnings call presentation slides.
16:12 EDTYHOOYahoo CEO says mobile revenue topped $200M in Q3
Yahoo CEO Marissa Mayer said, "I am also pleased to report today that our revenue in mobile is now material. In Q3, we saw mobile revenues in excess of $200 million on a GAAP basis. Further, we estimate that our gross revenues in mobile will exceed $1.2 billion in revenue this year. We have invested deeply in mobile and we are seeing those investments pay off. Not only are our mobile products attracting praise and engagement from users and industry awards, they are generating meaningful revenue for Yahoo."
16:10 EDTYHOOYahoo expects Q1 taxes of $3.3B for Alibaba sale
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16:09 EDTYHOOYahoo reports Q3 GAAP search revenue up 4% to $452M
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16:07 EDTYHOOYahoo reports Q3 GAAP display revenue down 5% to $447M
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16:06 EDTYHOOYahoo reports Q3 EPS 52c, consensus 30c
Reports Q3 revenue ex-TAC $1.09B, consensus $1.04B.
15:30 EDTYHOONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
13:52 EDTGOOGGoogle acquires Firebase, terms not disclosed
Google announced on its Google Cloud Platform blog that it has acquired Firebase, which "makes it very easy for developers to build mobile and web apps that store and sync data in realtime." Google comments, "By combining Firebase with Google Cloud Platform, we値l be able to build the best end-to-end platform for mobile application development. If you池e already a Firebase developer, you値l start seeing improvements right away and if you池e a Google Cloud Platform customer, you値l find it even easier to create great mobile and web apps. The entire Firebase team is joining Google and, under the leadership of Firebase co-founders James Tamplin and Andrew Lee, will be working hard to bring you great new features. Not only will the products you already love continue to get better, but you値l also gain access to the full power of Google Cloud Platform. At Google Cloud Platform Live on November 4, we値l be demonstrating new Firebase features and integrations with Cloud Platform." Reference Link
13:27 EDTYHOOEarnings Preview: Yahoo expected to unveil turnaround plan with Q3 results
Yahoo (YHOO) is expected to report third quarter earnings after the market close on Tuesday, October 21 with a conference call scheduled for 5:00 pm ET. Yahoo is a digital media company that provides properties and services such as Yahoo! Search and Yahoo! News. EXPECTATIONS: Analysts are looking for EPS of 30c on revenue of $1.04B. The consensus range is 18c-38c for EPS, and $1.02B-$1.06B for revenue, according to First Call. LAST QUARTER: Yahoo reported Q2 EPS 37c against estimates of 38c on revenue ex-tac of $1.04B against estimates of $1.08B. It reported Q2 price-per-ad was down 24%, Q2 Display revenue down 7% and Search revenue up 6%. The company gave Q3 revenue ex-tac guidance of $1.02B-$1.06B. After releasing its Q2 results, CEO Marissa Mayer said the company was "not satisfied" with the results, with display remaining an area of investment and transition. NEWS: In the past quarter, Alibaba (BABA) opened to the larges IPO in U.S. history. The Wall Street Journal reported that Yahoo's core business was cut in half to $6.8B after Alibaba's first day of trading. Yahoo made $5.1B in cash from the sale of shares in Alibaba's IPO and its remaining stake is valued at about $23.4B.In late September, activist investor Starboard Value urged Yahoo to explore a strategic combination with AOL (AOL), believing a merger could create synergies of up to $1B. CEO Marissa Mayer is expected to unveil her turnaround plan at the earnings call today that could include cost-cutting efforts and its M&A strategy, according to the Wall Street Journal. Yahoo also confirmed that a security breach in Q3 compromised servers, but the hack did not disclose consumer data. The company acquired several companies in past few months, including Flurry, Zofari, ClarityRay, Luminate, and Bookdpad. A WSJ reports also said the company is in talks to invest in Snapchat. STREET RESEARCH: Following the Alibaba IPO, Yahoo was downgraded at Bernstein, BofA/Merrill and RBC Capital because it was unclear whether Yahoo's stock can advance meaningfully and the company was no longer the best way to gain Alibaba exposure. RBC Capital said the risk/reward is less attractive, and it does not see a turnaround in Yahoo's core fundamentals. BGC Financial, however, upgraded the company and said the company's remaining assets should get monetized in a more tax efficient manner. PRICE ACTION: Yahoo shares have risen $4.29, or more than 12%, since the first day of trading following the company's Q2 report. In Tuesday midday trading ahead of Q3 report, Yahoo shares are trading up nearly 2%.
13:08 EDTYHOOYahoo October weekly 40 straddle priced for 5.5% move into Q3
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13:05 EDTYHOOYahoo technical notes before earnings
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12:50 EDTYHOOGoing private among potential scenarios seen for Yahoo, Re/Code's Swisher says
Sources close to Yahoo CEO Marissa Mayer said she is determined to continue to push through her vision of the company's core business as a video-heavy, mobile-focused content company, according to Re/Code's Kara Swisher, who added that the "most intriguing possibility of all" that she has heard over the last weeks is that Yahoo could seek to dispose of its Asian assets, return a large amount of the proceeds to shareholders and work with a large private equity firm to take the company private. Shares of Yahoo, which reports on its quarterly results after the closing bell, is up 1.8% to $40 per share in afternoon trading. Reference Link
11:20 EDTGOOGData says open-source Android OS could threaten revenue, Information says
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07:26 EDTGOOGGoogle invests in enhanced reality visual-display start-up, WSJ reports
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07:07 EDTGOOGMecklerMedia to hold a conference
Inside 3D Printing Conference is being held in Santa Clara, California on October 21-23.
06:38 EDTYHOOYahoo in talks to acquire BrightRoll, TechCrunch reports
TechCrunch has learned that Yahoo is in talks to buy cross-platform digital video advertising service BrightRoll for $700M-$725M. The company is currently facing pressure from Starboard Value to consider a breakup or a sale of the company. Reference Link
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