Yahoo!: upbeat after results exceed estimates.

(CercleFinance.com) - Yahoo! is up 3.
5% during early trading on the Nasdaq, following the publication of Q4 2016 results that were better than expected, despite a delay in the sale of its core businesses to Verizon.

The Internet group posted Q4 net income of 162 million dollars, or 17 cents per a share. Excluding extraordinary items, EPS amounted to 25 cents, exceeding the consensus by four cents.

Revenues rose by over 15% to 1.47 billion dollars (against an estimate of under 1.4 billion dollars), including around 25% growth for the "Mavens" division (mobile, video, "native" and advertising on social networks) to 590 million dollars.

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