Yahoo! Reports Solid 1Q'12 Results

Yahoo! (YHOO) reported 1Q'12 results today (02012.04.17) after the market closed. I'm not going to listen to the conference call, but that will probably determine how YHOO trades tomorrow when the market opens.

"In the first quarter, Yahoo!’s results came in at the high end of our guidance range and beat consensus on revenue and profits." -- Scott Thompson, CEO of Yahoo!

My notes... Free cash flow was $196 million. "Cash" on 31 March 02012 was $2.652 billion. During 1Q'12 Yahoo! repurchased 5 million shares for $71 million ($14.20 per YHOO share).

YHOO closed 02012.04.17 at $15.01. 52-week range: $11.09 - $18.84.

[update::02012.04.18] I might read this... SeekingAlpha.com::Yahoo!'s CEO Discusses Q1 2012 Results - Earnings Call Transcript. Duh! quote: "In short, this quarter (2Q'12) has more potential for variability than other quarters." And I agree with CEO Thompson: "I am convinced that we don't need to reinvent who we are."