Yahoo! Rises 3% After Q3 Results

Internet company Yahoo!

released its fiscal third quarter earnings results after the closing bell on Monday. Yahoo! reported that net income attributable to the company was $3.16 billion or $2.64 per share, compared to $293.29 million or $0.23 per share, in last year's corresponding quarter. On a non-GAAP basis, net income for the quarter was $420.68 million or $0.35 per share, compared to $266.35 million or $0.21 per share, last year. This compared to analysts' consensus EPS estimates of $0.26. Revenues in the quarter, excluding traffic acquisition costs, were $1.089 billion, which was a 2 percent increase over last year's third quarter. This came in slightly ahead of Wall Street analysts' consensus revenue estimates of $1.08 billion. In Monday's after hours trading session, YHOO was trading up around 3 percent to $16.25.