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Stock Market & Financial Investment News

News Breaks
January 25, 2013
11:40 EDTYHOOEarnings Preview: Yahoo! shares up over 28% since last earnings report
Yahoo! (YHOO) is expected to report Q4 earnings after the market close on Monday, January 28 with a conference call scheduled for 5:00 pm ET. Yahoo! is a digital media company that provides services such as Yahoo! Search and Yahoo! News... EXPECTATIONS: Analysts are looking for EPS of 28c on revenue of $1.21B. The consensus range is 21c-34c for EPS, and $1.18B-$1.24B for revenue, according to First Call... LAST QUARTER: Yahoo! reported Q3 EPS 35c against estimates of 26c on revenue of $1.09B against estimates of $1.08B. The company also reported Q3 Search revenue $414M and Q3 Display revenue $452M. At the Q3 earnings conference call, the company said it plans to continue investing in display ad technology and sees more upside in search. It also said the stock is attractive at current levels for repurchases and that operating margins are "healthy." Yahoo! was not prepared to give guidance at the time... STREET RESEARCH AND NEWS: Yahoo! made several changes to its board as David Kenny and Brad Smith both stepped down. Max Levchin, who has had extensive research in building Internet companies, was added to the board. Business Insider reported that it was unlikely that Yahoo! would have mass staff reduction. In recommendations, the company was upgraded to Susquehanna and Goldman, citing favorable capital allocation and the new management's focus. Needham also raised Yahoo's price target, saying the shares were inexpensive in view of the company's buybacks. Analysts at Berstein, however, downgraded the company to Market Perform, citing the difficulty in gauging the upside for Yahoo!... PRICE ACTION: Yahoo! shares have risen over $4.50, or more than 28%, since the first day of trading following the company's Q3 report. In Friday mid-day trading ahead of the Q4 report, Yahoo! shares are down approximately 0.5%.
News For YHOO From The Last 14 Days
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July 22, 2015
12:32 EDTYHOOOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
07:31 EDTYHOOYahoo price target lowered to $51 from $54 at JPMorgan
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July 21, 2015
19:09 EDTYHOOYahoo CEO sees Q3 pressure on revenue ex-TAC and adjusted EBITDA
Speaking on the company's Q2 earnings conference call, Yahoo (YHOO) CEO Marissa Mayer said she is "pleased" with momentum in display business, adding that the company will continue to focus on sustaining GAAP revenue growth while striving to grow adjusted EBITDA. She noted search clicks were up 13% for the quarter, and mobile user base was up 14%. Mayer cautioned that the Gemini search platform will see pricing pressure and reduced revenue per search in the near-term as Yahoo optimizes the service. She said she expects "some" pressure in Q3 including pressure on revenue ex-TAC and adjusted EBITDA, and remarked separately that Yahoo has been investing "modestly" over the past two years in algorithmic and paid search technologies. Finally, Mayer declined to speculate on any future agreements with Google (GOOG). CFO Ken Goldman said the company's "highest priority" is to execute the Alibaba (BABA) spinoff this year. Goldman also noted that Yahoo's board of directors and management team have met with advisors to review alternatives with regards to Yahoo Japan, but had no specific conclusion to share.
19:00 EDTYHOOOn The Fly: After Hours Movers
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16:16 EDTYHOOYahoo sees Q3 revenue ex-TAC $1B-$1.04B, consensus $1.07B
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16:13 EDTYHOOYahoo down 2.8% to $38.61 after Q2 earnings miss expectations
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16:11 EDTYHOOYahoo says workforce lowered to under 11,000 full-time employees
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16:09 EDTYHOOYahoo CEO says 'extremely pleased' with Q2 achievements
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16:08 EDTYHOOYahoo reports Q2 Ads Sold up 9%
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16:07 EDTYHOOYahoo reports Q2 Paid Clicks up 13%
Gross search revenue was $920M for Q2, an increase of 15% compared to the second quarter of 2014. The number of Paid Clicks increased approximately 13% compared to the second quarter of 2014. Price-per-Click increased approximately 4% compared to the second quarter of 2014.
16:06 EDTYHOOYahoo reports Q2 EPS 16c, consensus 18c
Reports Q2 revenue $1.04B, consensus $1.03B.
15:02 EDTYHOONotable companies reporting after market close
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14:25 EDTYHOOYahoo July weekly 39.50 straddle priced for 4.7% movement into Q2
12:59 EDTYHOOEarnings Watch: Tax questions linger into Yahoo Q2 report
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09:56 EDTYHOOSalesforce rallies amid renewed speculation of Microsoft deal
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06:38 EDTYHOOYahoo volatility increases into Q2 and outlook
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06:07 EDTYHOOONUG: Yahoo hires VP of global network from Symantec
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05:50 EDTYHOOYahoo could drop below $38 on negative tax announcement, says Piper Jaffray
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July 20, 2015
12:20 EDTYHOOYahoo July weekly volatility increases into Q2 and outlook
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06:59 EDTYHOOYahoo says taxes could 'materially reduce' Aabaco cash for distributions
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