Yahoo (YHOO) Shares Up?

Shares of Yahoo (YHOO) are up over 5% in after hours trading after producing an in-line quarter. Massive stock option grants hurt the bottom line in Q1. Yahoo beat revenue estimates of $1.08 billion ($1.09 billion). Yahoo guided revenue for the rest of the year in-line with estimates.

Personally, this stock has been hammered (Down 20% in 2006) and the fact that it met estimates was celebration for shareholders. There is nothing exciting about a company that loves to give executives enormous stock option plans while leaving shareholders in the dark with poor bottom line performance.

Note: I have no position in Yahoo