NEW YORK (TheStreet) -- Shares of Yahoo! are jumping, up 8.15% to $51.90 in after-hours trading Tuesday, after the Internet company said it plans to spin-off its stake in Chinese e-commerce provider Alibaba Group Holding , and reported mixed fourth quarter earnings results after the closing bell. Yahoo! announced its plans for a tax-free spin-off of the company's remaining holdings into a newly formed independent registered investment company called SpinCo. SpinCo will own all of Yahoo's remaining 384 million shares of Alibaba, valued at $40 billion based on yesterday's closing price. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Yahoo! reported earnings of 30 cents per share for the fourth quarter, beating analysts' expectations of 29 cents per share. The company posted revenue of $1.18 billion for the period, lower compared to the $1.19 billion consensus estimate from Thomson Reuters. Yahoo! CEO Marissa Mayer recently reorganized management, partnered with web-browser company Mozilla and acquired video advertising service BrightRoll to boost growth in new fields, according to MarketWatch. Separately, TheStreet Ratings team rates YAHOO INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate YAHOO INC (YHOO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow." You can view the full analysis from the report here: YHOO Ratings Report YHOO data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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