Yahoo (YHOO) today released the fiscal 2012 first quarter earnings report, showing that Yahoo generated revenues of $1.221 billion for the first quarter, an increase of 1 percent compared with $1.214 billion in the same period last year; excluding the traffic acquisition costs, Yahoo realized revenues of $1.08 for the first quarter compared with $1.06 billion a year ago. According to the survey by FactSet Research, analysts on average had projected the first quarter revenues would be $1.06 billion.
Yahoo posted a net profit of $286 million for this quarter, up 28 percent from $223 million in the same period last year. Diluted EPS was $0.23 compared with $0.17 a year ago.
Yahoo expects the second quarter revenues would reach $1.17 billion to $1.29 billion. Excluding the traffic acquisition costs, Yahoo expects the second quarter revenues would be $1.03 billion to $1.14 billion, the median of this range is $1.08 billion, in line with the Wall Street analysts have expected.
Yahoo’s first quarter results outperformed Wall Street analyst projections, sending YHOO stock price rising both in the regular trading and after-hours trading.
YHOO stock price edged up $0.23, or 1.52 percent, to close at $15.01 per share on the Nasdaq in the regular trading Tuesday. YHOO stock price rose another $0.44, or 2.93 percent, to end at $15.45,. The past 52 weeks, YHOO stock price recorded the highest level of $18.84 and the lowest level of $ 11.09.