Claman on Call: Yahoo Surprises Wall Street with 3Q Beat


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, beating estimates for both revenue and earnings per share. Yahoo also saw a 17% increase in the price-per-click, but the number of paid clicks was flat compared to the previous year. The company says it's well positioned for improved performance in 2015.

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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 that there's plenty of juice left in Yahoo. He also said Marissa Mayer is probably number four on his top reasons for liking the stock.

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.

Be sure to check out all of today's interviews on and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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