Tuesday, January 28, 2014

Yahoo! (YHOO) Reports 4Q'13 Results

Yahoo! (YHOO) reported 4Q'13 results after the market closed today (02014.01.28). Prior to earnings release, YHOO closed up 4.3% at $38.22. Volume was twice the trailing-3-month average. I guess some investors wanted to have some YHOO shares just in case the company exceeded expectations. From what I can tell, Yahoo!'s 4Q'13 results were more or less met expected; therefore, the last time I checked YHOO was down more than 5%. I looked at Yahoo!'s 4Q'13 results and thought they were okay.

One item that I liked from the 4Q'13 press release.

During the fourth quarter of 2013, Yahoo repurchased 6 million shares for $231 million and used a net $60 million for acquisitions. During the year ended December 31, 2013, Yahoo repurchased 129 million shares for $3.3 billion and used a net $1.2 billion for acquisitions.

Yahoo! ended 02013 with $5 billion in cash.

YHOO closed on 02014.01.28 at $38.22. 52-week range: $19.31 - $41.72.

[02014.01.29] YHOO closed today at $34.89, down almost 9%, on heavy volume. 52-week range: $19.31 - $41.72. In a nutshell: Investors are not happy with Yahoo!'s growth prospects.

No comments:

Post a Comment