Orlando, FL -- (SBWIRE) -- 10/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Yahoo! Inc.(NASDAQ:YHOO), Facebook Inc(NASDAQ:FB).
Yahoo! Inc.(NASDAQ:YHOO) shares declined 0.35% to $33.94. The company on Oct. 15 said its third-quarter revenue fell 0.8% to $1.08 billion, excluding traffic acquisition costs. Display-ad revenue, which comprises about 40% of the company's sales, slipped 6.7%, excluding payments made to drive traffic.
The company's net income of $296.7 million, or 28 cents a share, was down 91% from the year-earlier level of $3.16 billion, or $2.64 a share, which was boosted by a $2.8 billion gain related to the sale of some of its stake in Chinese e-commerce firm Alibaba Holding Group Ltd. Excluding special items, per-share earnings slipped to 34 cents from 39 cents. Analysts had projected a per-share profit of 33 cents and revenue of $1.08 billion.
Are investors worried about the recent updates with YHOO? Find out with a free trend analysis HERE
Facebook Inc(NASDAQ:FB) shares decreased 2.18% to $52.67. Evercore said on Oct. 15 that Facebook's roll out of customizable audience tools and data management provider partnerships is enabling offline marketers to re-target online, creating additional pricing strength and expanding Facebook's addressable opportunity into offline commerce. The firm said ARPU upside potential remains significant and reiterates its Overweight rating.
Is FB going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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