Yahoo! (YHOO)

Yahoo! (YHOO) shares surge 10% after first quarter results were reported on the 15th of April in accordance with the algorithm.  On April 10th, Yahoo! was one of the Top 10 Stock Picks for the 7-day time horizon.

In line with analyst projections, non-GAAP revenues increased 1% year over year to $1.1 billion and adjusted earnings stayed flat at $0.38 per share.  Display ad sales after traffic acquisition costs (TAC) increased 1.7% from the year-ago period. Search revenue, ex-TAC, climbed 8.7% higher, which was helped by dramatically reduced traffic acquisition expenses.

CEO Marissa Mayer expressed that mobile content and traffic is central to Yahoo!’s future. Yahoo! reached 430 million monthly mobile users during the quarter.

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