Yahoo! Rises on Q3 Earnings Beat

Shares of Yahoo!

are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 3.30%, trading at $15.98; they ended the regular session lower by 1.46%, at $15.47. Yahoo! reported Q3 EPS of $0.21 (excluding non-recurring items) on revenues of $1.07 billion; the Street was looking for $0.0.17 per share on revenues of $1.07 billion. Revenues decreased 4.6% year over year. "We're pleased that revenue, operating income and EPS were all above consensus this quarter," said Tim Morse, CFO and Interim CEO, Yahoo!. "My focus, and that of the whole company, is to move the business forward with new technology, partnerships, products, and premium personalized content -- all with an eye toward growing monetization." The company sees Q4 revenues of $1.125-1.235 billion; the Street was looking for $1.21 billion. Yahoo! Inc. is a digital media company. Yahoo! provides engaging and canvases for advertisers to connect with their target audiences.