SEC is reportedly investigating Yahoo’s multiple data breaches

For now, the “Yahoo-leftover” bits will continue going by their nickname, Remain Co.

Yahoo! Inc. (NASDAQ:YHOO) stock gained $0.44 to $42.84 in after-hours trading Monday after it reported 2016 fiscal-fourth quarter earnings.

The SEC put in a request for documents relating to the company’s handling of the data breaches last December.

An SEC spokesman and a Yahoo spokesman declined to comment. That is, serving up ads against those products.

Sales, excluding revenue passed on to partners for web traffic, were US$960 million during the fourth quarter, the Sunnyvale, California-based company said.

It’s not known what kind of penalties Yahoo could face if found guilty of misdeed, as the SEC has not to date brought a case against any company for failing to disclose a breach in the past.

Revenue was also a bright spot for the company at $1.47 billion, $200 million ahead of what the company raked in a year ago.

Yahoo shares are up 60 cents, or 1.4%, at $43.

Yahoo turned in what might pass for an impressive beat of Wall Street expectations, earning 25 cents a share on $1.47 billion in revenue. In September 2016, Yahoo shared the details regarding its first hack, underlining a state-sponsored actor about two years after the breach happened. The reason invoked for the delay is the fact that both sides have to deal with the fallout of two massive data breaches disclosed Yahoo.

This followed an admission from the company in September that personal information for 500 million users was stolen in 2014.

Shares in Yahoo closed the day up 0.83 percent at $42.40, with after-hours trading now up 0.24 percent. It occurred in 2013. At one point, after the second hack was announced, Verizon was reportedly considering exiting the deal but, according to Sunday night’s WSJ report, Verizon says the deal is still in place. She added, however, that the deal made sense.

Still, amid the turmoil, Yahoo managed an upbeat earnings report. However, it has never taken action against any company so far.

This month, it announced in an SEC filing that Mayer and five others will resign from the Yahoo board of directors and the company will be renamed Altaba, paving the way for the completion of the Verizon deal. Earlier this month, Verizon said it was still “weeks” away from deciding if it will proceed with the acquisition.