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One of the web’s most visited portals, Yahoo Inc., reported slightly better-than-expected third-quarter earnings Tuesday evening. But Wall Street’s reaction was less than celebratory. Its stock on Wednesday was trading modestly in the red.
The arrival of CEO Marissa Mayer just over a year ago has boosted investors’ hopes for a return of its days as an Internet earnings powerhouse. Shares have more than doubled over the past year. But the company posted a downbeat outlook for its fourth quarter, as it continues to see steep declines in its display ad revenues.
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StockReports+ gives each stock an average score that combines the quantitative analysis of six widely-used investment decision-making tools: earnings, fundamentals, relative valuation, risk, price momentum and insider trading. Yahoo is currently among an exclusive group of 157 stocks awarded its highest average score of 10.
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YHOO-Q 37.60 0.994 % 30,862,258