"Yahoo! had a solid third quarter, and we are encouraged by the stabilization in search and display revenue," said Marissa Mayer, CEO of Yahoo!. "We’re taking important steps to position Yahoo! for long-term success, and we’re confident that our focus on quality and improving the user experience will drive increased value for our advertisers, partners and shareholders."
YHOO closed on 02012.10.22 at $15.77. 52-week range: $14.35 - $16.75.
I liked the following from Yahoo!'s 3Q'12 press release.
"Free cash flow was $920 million for the third quarter of 2012, a 273 percent increase compared to $247 million for the same period of 2011.""During the third quarter of 2012, Yahoo! repurchased 12 million shares for $190 million."
"In October 2012, Yahoo! entered into a 364-day, $750 million unsecured revolving credit facility. The facility is currently undrawn and is expected to be used for general corporate purposes."
[update::02012.10.23] YHOO hit a new 52-week high of $16.79 before closing at $16.77. Volume was 71.3 million vs. t3m-avg of 18.2 million. I guess Wall Street is thinking Mayer is off to a good start at Yahoo!'s CEO.
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