Yahoo Inc. shares rose in the extended session Tuesday after the web portal topped Wall Street estimates for the first quarter. Yahoo shares advanced 0.6% to $36.54 after hours. The company reported adjusted earnings of 8 cents a share on revenue of $1.09 billion. Excluding traffic acquisition costs, revenue was $859 million. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on adjusted revenue of $846.1 million.
Copyright © 2016 MarketWatch, Inc.