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Key Takeaways from Yahoo's Q2 Earnings Release

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Yahoo Inc. just released their second quarter fiscal 2016 earnings results, posting earnings of -$0.05 per share and revenue of $1.307 billion.

Currently, YHOO has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Yahoo:                                                     

Missed earnings estimates. The company posted earnings of -$0.05 per share, missing our Zacks Consensus Estimate of $0.02.  This number excludes $0.41 in nonrecurring items.

Beat revenue estimates. The company saw revenue figures of $1.307 billion, topping our estimate of $835 million.

Mobile revenues grew to $378 million this quarter, and this represents 50% sales growth for the segment compared to Q2 of 2015.

“With the lowest cost structure and headcount in a decade, we continue to make solid progress against our 2016 plan.  Through disciplined expense management and focused execution, we delivered Q2 results that met guidance across the board and in some areas exceeded it”-Marissa Mayer, CEO of Yahoo.

YHOO was down -$0.05, or -0.13%, to $37.90 as of 5:07 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Yahoo’s revenues over the last five years.

YAHOO! INC Revenue (Quarterly)

YAHOO! INC Revenue (Quarterly) | YAHOO! INC Quote

Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web, Yahoo! is one of the leading guides in terms of traffic, advertising, and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients.

Check back later for our full analysis onYahoo’s secondquarter earnings report!

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