Yahoo! Inc. (YHOO) reported first quarter adjusted EPS of $0.38 after the bell Tuesday, which topped the consensus estimate of $0.24. Revenues totaled $1.14 billion, down 7 percent from $1.22 billion last year. Analysts expected revenues of $1.10 billion. The stock is now down 0.89 on 2.9 million shares.
Yahoo! traded in a range for the majority of Tuesday's session and closed down by 0.19 at $23.79. The stock has been pulling back from the highs of the year since the beginning of the trading week.
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