Yahoo Forecasts May Miss Estimates on Search Shortfall
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Yahoo! Inc., the most-visited U.S. Web portal, forecast first-quarter sales and operating profit that may miss estimates as a search agreement with Microsoft Corp. failed to deliver the gains projected by analysts.
This quarter’s revenue, excluding sales passed onto partners, will be $1.02 billion to $1.08 billion, compared with $1.14 billion, the average of estimates in a Bloomberg survey. Operating profit will be $130 million to $160 million, short of the $201.8 million projected by analysts.