: With Alibaba stock BABA, +7.50% surging $6, or 7.5%, on Thursday, after the company reported better-than-expected fiscal fourth-quarter results, Yahoo made $2.3 billion on its investment in one day, according to Market Watch. Yahoo stock YHOO, +5.30% responded by running up $2.21, or 5.3%, the biggest one-day percentage gain in eight months. Yahoo owns 383.6 million Alibaba shares, or 15.4% of the shares outstanding, according to recent regulatory filings. To put Thursday windfall from Alibaba in perspective, it a little more than Yahoo recorded in revenue for the past two quarters combined, according to Fact Set. Investors can enjoy this cash cow for a little while longer. It also about the same as the combined net income it reported the past eight quarters, if you take out the one-time $6.3 billion in profit Yahoo recorded in the third-quarter of 2014 from the sale of some its Alibaba shares.
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