[cnxvideo id=”655422″ placement=”ros”]Yahoo! Inc. (NASDAQ: YHOO) reported fourth-quarter and full-year 2016 results late Monday after markets closed. The internet portal posted adjusted diluted earnings per share (EPS) of $0.25 on revenue of $1.47 billion for the quarter. In the same period a year ago, Yahoo reported EPS of $0.13 on revenue of $1.27 billion. Fourth-quarter results also compare to the consensus estimates for EPS of $0.21 on revenue of $1.38 billion.
For the full year, the company reported EPS of $0.62 and revenues of $5.17 billion, compared with 2015 EPS of $0.62 and revenues of $4.97 billion.
On a GAAP basis, Yahoo posted net earnings of $162 million, compared with a net loss of $4.44 billion in the year-ago quarter. Adjusted EBITDA rose from $215 million in the fourth-quarter of 2015 to $324 million.
Due to the pending transaction with Verizon Communications Inc. (NYSE: VZ), the company did not have an earnings call or webcast again this quarter. The company also said that the Verizon transaction will be delayed until the second quarter of 2017.
[nativounit]
Yahoo CEO Marissa Mayer said:
We continued to build our mobile and native businesses — delivering nearly $1.5 billion in mobile revenue and over $750 million in native revenue — while operating the company at the lowest cost structure in a decade. With our 2016 and Q4 financial results ahead of plan, and the continued stability in our user engagement trends, the opportunities ahead with Verizon look bright.
Search revenue increased from $528 million in the fourth quarter of 2015 to $767 million, helped by an accounting change announced and implemented in the third quarter. Absent the change, search revenue fell by $302 million (12%).
Shares closed up about 0.8% in Tuesday’s regular session at $42.40, in a 52-week range of $26.15 to $44.92. In the after-hours session, the stock traded up about 3%. The consensus 12-month price target on the stock was $45.59 before results were announced.
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks