Yahoo! Inc. (Nasdaq: YHOO) shareholders and prospective Alibaba investors were eagerly awaiting the Yahoo earnings report yesterday as it provides a glimpse into Alibaba's financial numbers.
The report didn't disappoint, as Alibaba saw its profits more than double in the fourth quarter of 2013.
As Alibaba prepares for its IPO in 2014, its value keeps rising. If it continues this strategy, it may be the biggest U.S. IPOs we've ever seen...
How to Play Yahoo! (Nasdaq: YHOO) Stock After Earnings
Yahoo Inc. (Nasdaq: YHOO) beat Wall Street predictions after the bell on Tuesday by $0.01, with earnings per share (EPS) of $0.38. Despite the beat, the digital media giant's revenue remained stagnant, and its operating income dropped 84% compared to the same quarter a year earlier.Here's how our expert suggests playing Yahoo stock after Tuesday's earnings results...