Yahoo Falls After Q1 Results

Sunnyvale, California-based online media company

released its fiscal first-quarter earnings results on Tuesday after the closing bell. Despite beating both revenue and earnings guidance, the stock was trading down around four percent in the after-hours to $22.78. Yahoo reported net earnings attributable to the company of $390.29 million or $0.35 per share, compared to $286.34 million or $0.23 per share, in last year's corresponding period. On an adjusted basis, which is comparable to analysts' consensus estimates, Yahoo earned $0.38 per share. This easily beat Wall Street consensus earnings per share estimates of $0.24. Revenue in the period was $1.14 billion, a seven percent decline versus the $1.22 billion that the company reported in last year's fiscal first-quarter. This came in ahead of analysts' consensus revenue estimates of $1.10 billion.