Yahoo’s Forecast Trails Estimates as Google Takes Market Share
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Yahoo! Inc.’s gains from its stake in China’s Alibaba Group Holding Ltd. aren’t enough to mask the slumping advertising business as Google Inc. and Facebook Inc. take market share.
Yahoo forecast fourth-quarter sales, excluding revenue passed to partner sites, of $1.18 billion to $1.22 billion in a presentation yesterday. Analysts on average had been expecting revenue of $1.25 billion, according to data compiled by Bloomberg.