On Tuesday, Shares of Yahoo! Inc. (NASDAQ:YHOO), SUBTRACT -0.26% and closed at $41.68 in the last trading session. YHOO stock opened its last trade at $42.04 and after floating in a range of $41.63 to $42.60. The company’s Market capitalization is $40.01 Billion with the total Outstanding Shares of 951.78 million. During the 52-week trading session the minimum price at which share price traded, registered at $26.15 and reached to max level of $44.92.The Earnings per Share of the company stands at $-5.19. Yahoo! Inc. (YHOO) recently stated results for the quarter ended September 30, 2016.
“I am happy with our Q3 results. This quarter, we launched several new products and showed solid financial performance across the board; both are a testimony to the tremendous teamwork, focus, and resilience of our employees,” said Marissa Mayer, CEO of Yahoo. “In addition to our continued efforts to strengthen our business, we are busy preparing for integration with Verizon. We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our users’ lives. To that end, we take deep responsibility in protecting our users and the security of their information. We’re working hard to retain their trust and are heartened by their continued loyalty as seen in our user engagement trends.”
As formerly declared, starting in the second quarter of 2016, GAAP revenue and cost of revenue – TAC are influenced by a required change in revenue presentation related to the Eleventh Amendment to the Microsoft Search Agreement (“Change in Revenue Presentation,” as talked about below). For the third quarter of 2016, the Change in Revenue Presentation contributed $258 million to each of GAAP revenue and cost of revenue – TAC. Apart From the impact of this change, GAAP revenue would have been $1,048 million, a 15 percent decline from the third quarter of 2015, and cost of revenue – TAC would have been $190 million, a 15 percent decline from the third quarter of 2015.
Shares of Cobalt International Energy, Inc. (NYSE:CIE), DROPPED -4.55 % and closed at $0.910 in the last trading session. CIE stock opened its last trade at $0.96 and after floating in a range of $0.90 to $1.00. The company’s Market capitalization is $359.32 Million with the total Outstanding Shares of 410.05 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.77 and reached to max level of $9.43.The Earnings per Share of the company stands at $-1.48. Cobalt International Energy, Inc., through its auxiliaries, operates as an oil and gas exploration and production company mainly in the deepwater U.S. Gulf of Mexico. The company holds interests in the North Platte, Shenandoah, Anchor, and Heidelberg fields located in the U.S. Gulf of Mexico; and the Diaba block located offshore Gabon. As of December 31, 2015, it had net proved undeveloped reserves of 5.6 million barrels (MMBbls) of oil; 0.3 MMBbls of natural gas liquids; and 1.8 billion cubic feet of natural gas.