Yahoo Posts Slim Q1 Beat, Alibaba Sales Growth Uptick

By | April 15, 2014

Scalper1 News

Yahoo late Tuesday reported its first Q1 growth in a key sales metric in years as well as bigger sales growth at Alibaba, sending Yahoo shares higher after-hours. Yahoo (YHOO) said Q4 sales at Alibaba rose 66% year over year, beating the two previous quarters and reversing two straight quarters of declining growth. Yahoo holds a 24% stake in the Chinese e-commerce giant and reports its results one quarter in arrears. Alibaba is expected to soon Scalper1 News

Scalper1 News