Yahoo (YHOO) NewsBite - YHOO Earnings Beat Estimates

Posted: Wednesday, October 21, 2009 11:02 AM EDT

Yahoo (NasdaqNM: YHOO) opened at $17.98. So far today, the stock has hit a low of $17.75 and a high of $18.02. YHOO is now trading at $17.89, up $0.72 (4.19%). Over the last 52 weeks the stock has ranged from a low of $8.94 to a high of $17.94. Shares of YHOO are rising this morning after the company reported a third-quarter profit of $186 million, or 13 cents per share, on revenue of $1.57 billion, topping analysts' forecasts of 7 cents per share on revenue of $1.12 billion. Technical indicators for the stock are neutral and S&P gives YHOO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on YHOO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (YHOO)