Is the subtext here that by doing well financially, it makes it less likely that MSFT will take over Yahoo? And as a result, the arbs are selling Yahoo now?
It only seems so large because of their one-time sale of Alibaba stock. The actual profits from normal business were a tad-bit less than that of last year.
Basically, they still beat expectations (which didn't include the one-time event), but not by a lot. (And still less than last year).
I'm just saying I find it unusual that because of the circumstances, exceeding expectations, that is, doing better than people thought they would, actually makes the stock go down.