Yahoo! Inc (NASDAQ:YHOO)

 

During Thursday’s Afternoon trade, Shares of Yahoo! Inc (NASDAQ:YHOO), gained 0.94% to $33.30. The firm opened its current trade at $33.21, and as of now, it is trading at $33.31. The total volume traded for the day is 3.44M shares, as compared to its average daily volume of 15.30M shares. The stock is floating in a range of $32.86 - $33.50. The stock holds the market capitalization of $31.44B.

Cheetah Mobile Inc. (CMCM), the world’s top developer of mobile utility apps, with 567 million monthly active users, declared that it’s leveraging Yahoo Inc.’s (YHOO) mobile search and native advertising platform to enhance the user experience across its top-rated applications Clean Master, CM Security, CM Browser and CM Locker. Thanks to the global planned partnership, Cheetah Mobile has already seen an approximate 30 percent day-to-day improvement in Yahoo generated revenue in CM Security through the first two weeks of full integration.

Through this partnership, Cheetah Mobile launched Yahoo “Search In Apps,” which brings users the best of search and content discovery on mobile. Cheetah Mobile’s integration of Yahoo mobile search in its top apps will enable users to enjoy Yahoo’s newly launched Search Buzz tool, which automates query- less content discovery. Users can also enjoy other product integrations, such as Clean Master’s innovative iSwipe feature, which allows users to get to Yahoo Search through hot corners on their Android device. Thanks to this new integration with Yahoo Search, the CM Browser app now sees 60 percent of its global revenue driven from Yahoo’s Search-in-Apps. Both CM Browser and CM Security have also seen a noteworthy improvement in user engagement in-app as a result of the integrations, with retention rates in CM Launcher up 18.5 percent.

Cheetah Mobile is also leveraging Yahoo Gemini, Yahoo’s marketplace for search and native advertising in CM Security and will be rolling it out further across its entire suite of leading apps in the coming weeks. This integration drives a smart, data-driven and scalable approach, further increasing monetization while enhancing user experience with beautiful ads.

“We’re very excited to team up with our friends at Yahoo to assist Clean Master and our suite of utility apps become even more useful,” said Sheng Fu, CEO of Cheetah Mobile. “The team over at Yahoo, counting their business, product and engineering teams, has been working side by side with ours to customize and optimize the integrations for our users. This level of service, flexibility and creativity demonstrates the team’s commitment to this partnership.”

Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops. It also provides Yahoo Mail that connects users to the people and things; Yahoo Messenger, an instant messaging service; and Yahoo Groups, which allows users to join groups based on shared interests and involvements.

Best Buy Co Inc (NYSE:BBY)

 

Shares of Best Buy Co Inc (NYSE:BBY), dipped -4.92% to $29.79, during its current trading session.

Best Buy Co., Inc. (BBY) declared results for the third quarter (“Q3 FY16”) ended October 31, 2015 as contrast to the third quarter (“Q3 FY15”) ended November 1, 2014.

Hubert Joly, Best Buy chairman and CEO, commented, “We have delivered another quarter of Domestic comparable sales growth and operating income expansion. At the Enterprise level, on revenue of $8.8 billion, we raised our non-GAAP operating income rate by 40 basis points to 2.8% and our non-GAAP diluted EPS by $0.07 to $0.41, an improvement of 21%.”

Joly continued, “In the Domestic business, our comparable sales, not taking into account the impact of installment billing, raised 0.5%. Online comparable sales raised 18% as our new mobile site and overall improved dotcom capabilities continued to drive higher conversion rates and raised traffic. These results were achieved in a context where industry sales in the NPD-tracked categories were down 4.3%.8”

Domestic Revenue

Domestic revenue of $8.1 billion raised 1.2% as compared to last year. This improvement was primarily driven by (1) a comparable sales improvement of 0.5%, not taking into account the estimated 30-basis point benefit associated with the classification of revenue for the mobile carrier installment billing plans3; (2) an estimated 30-basis point benefit associated with installment billing3; and (3) a 30-basis point impact from a periodic profit sharing benefit based on the performance of the company’s externally managed extended service plan portfolio.

From a merchandising perspective, comparable sales growth in computing, major appliances, health & wearables and large-screen televisions was partially offset by declines in tablets, mobile phones and digital imaging. The company also saw continued revenue declines in services, which was almost entirely due to the reduction of frequency and severity of claims on extended warranties, which has reduced repair revenue, and to a much lesser extent, declining attach rates of traditional warranty plans.

Domestic online revenue of $709 million raised 18.3% on a comparable basis primarily due to higher conversion rates and raised traffic. As a percentage of total Domestic revenue, online revenue raised 130 basis points to 8.8% as compared to 7.5% last year.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics compriseing primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.

UnitedHealth Group Inc(NYSE:UNH)

 

Finally, Shares of UnitedHealth Group Inc (NYSE:UNH), dropped -4.35%, and is now trading at $112.14.

UnitedHealth Group (UNH) stated revised expectations for 2015, reflecting a ongoing deterioration in individual exchange-compliant product performance, and offered an initial outlook for 2016.

“In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated, so we are taking this proactive step,” said Stephen J. Hemsley, chief executive officer of UnitedHealth Group. “We continue to be happy with the growth and overall performance of our Company outside of the individual exchange products and look forward to strong, positive and broad based earnings growth across our enterprise in 2016.”

The Company’s revised 2015 net earnings outlook of about $6.00 per share reflects predictable pre-tax earnings pressure of $425 million or $0.26 per share, counting $275 million related to the advance recognition of 2016 losses. The earnings pressure is driven by projected losses on individual exchange-compliant products related to the 2015 and 2016 policy years.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.

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