Yahoo! reported Q4 FY 2015 earnings of $0.13 per share (versus $0.30 in Q4 FY 2014), in line with analysts' consensus.
The company's quarterly revenues amounted to $1.002 bln (-15% y/y), beating consensus estimate of $0.948 bln.
The company also reveals Q1 and FY 2016 revenue forecasts, which are below consensus. It sees Q1 revenues in the range of $820-860 mln versus consensus of $906.8 mln; FY 2016 revenues are projected to reach $3.4-3.6 bln versus consensus of $3.85 bln.
Yahoo! announced plans to reduce our workforce by roughly 15% and exit five offices in Dubai, Mexico City, Buenos Aires, Madrid, and Milan.
YHOO fell to $28.44 (-2.13%) in pre-market trading.