Yahoo! (YHOO) Trilemma Analysis; Ascena Retail Group (ASNA) Posts Upbeat Earnings
Shares of Yahoo! Inc. (Nasdaq:YHOO) climbed more than 6% in after-hours trading Tuesday following a report by The Wall Street Journal indicating that its board of directors would be meeting during this week to discuss whether to proceed with a plan to spin off its multibillion-dollar stake in Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE:BABA), find a purchaser for its core Internet business, or both options.
YHOO stock finished the regular session at $33.71, down $0.10 (or -0.30%), with a total volume of 11,020,448 shares traded during the day
Yahoo!, which provides search and display advertising services on Yahoo properties and affiliate sites worldwide, has 944.36M Shares Outstanding, Market Capitalization (intraday) of $31.83B and YHOO stock 52-week range is from $27.20 to $51.68 per share
Ascena Retail Group Inc. (Nasdaq:ASNA) delivered strong sales performance and better-than-expected quarterly earnings in its financial results.
For its first quarter fiscal 2016, Ascena posted net sales of $1.672 billion, a 40% increase year over year, and adjusted (excluding non-recurring items) net income of $71.2 million, or $0.36 per diluted share, compared to adjusted net income of $63.9 million, or $0.33 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.28 earnings per share for the period
ASNA stock closed at $11.78, up $0.45 (or +3.97%), and 4,705,527 of its shares exchanged hands on Tuesday’s trading session.
Ascena Retail Group, a leading national specialty retailer, has 195.89M Shares Outstanding, Market Capitalization (intraday) of $2.31B and ASNA stock one-year range is between $10.00 and $17.59 per share
Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at http://galaxystocks.com/disclaimer/