Today Yahoo reported its fourth-quarter financial performance, including revenue excluding the cost of acquiring traffic of $1.179 billion, and non-GAAP earnings per share of $0.30. The market had expected the company to report $1.19 billion in revenue, and non-GAAP earnings of $0.29 per share.
Yahoo also announced that it plans to spin its remaining stake in Alibaba out into a new company. The plan has large tax advantages, and investors like a good savings.
The company reported that its mobile work generated $254 million in revenue during the quarter. That is up from $200 million in the sequentially preceding period. Yahoo’s aggregate “Transformative Group,” that mobile is part of, along with social, video and other products, generated $380 million during the quarter.
In a note to investors, Yahoo CEO Marissa Mayer stated that the quarter’s results show “stability in [Yahoo’s] core business.”
Following its mixed results, the company is up nearly 10…
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