Tuesday, January 29, 2013

Yahoo! Reports 4Q'12 Results... Yahoo!

Yahoo! (YHOO) reported 4Q'12 results after the market closed yesterday (02013.01.28) and I think the company had a solid quarter. Two notes from the Yahoo! press release.

Cash, cash equivalents, and investments in marketable debt securities were $6 billion at December 31, 2012 compared to $2.5 billion at December 31, 2011, an increase of $3.5 billion.

During the fourth quarter of 2012, Yahoo! repurchased 80 million shares for $1.5 billion. During the year ended December 31, 2012, Yahoo! repurchased 126 million shares for $2.2 billion.

YHOO closed yesterday (02013.01.28) at $20.31. 52-week range: $14.35 - $20.52. Pre-market trading today (02013.01.29) hints that a new 52-week high is a possibility.

[update::02013.01.30] YHOO spiked to a new 52-week high yesterday (02013.01.29) of $20.88. YHOO closed at $19.70, down 3% for the day.

After the market closed yesterday... Headline seen at Bloomberg.com: "Yahoo Japan Surges on Higher Profit Target, Buyback". Yahoo! owns about 35% of Yahoo Japan.

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