Yahoo surprises Wall Street with 3Q earnings, revenue beat
Claman on Call: FBN’s Liz Claman with an after-hours web exclusive on the markets and Yahoo third-quarter results.
Yahoo (NASDAQ:YHOO) surprised Wall Street with better-than-expected third quarter results
Taking a look at Yahoo stock: After posting an intraday gain of more than 2%, the stock tacked on another three percentage points in after hours action. Longtime Yahoo analyst and S&P Capital IQ Senior Director Scott Kessler told FBN
Checking out the markets: U.S. stocks rallied on Tuesday, with all major U.S. averages ending the day in the green and the big cap tech stocks really taking the lead. The Nasdaq (NASDAQ:IXIC) posted its biggest rally since January 2013. The S&P 500 (INDEXSP:GSPC) ended higher for the fourth day in a row.
Now, here's what's coming up tomorrow: We'll get September consumer price index, a measure of inflation, out at 8:30 a.m. ET. Then, here are the earnings on tap: Boeing (NYSE:BA), Dow Chemical (NYSE:DOW) and EMC (NYSE:EMC) before the bell. Then, AT&T (NYSE:T) and Yelp (NASDAQ:YELP) will report earnings after the market close.
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