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April 22, 2008
Yahoo Results: Good, But Not Good Enough
Yahoo's first quarter results are now out. I'll have more color later, but here is the gist in tabular form:
It is, as the numbers suggest, a beat across the board. Good for Yahoo, but not unexpected either. The Street consensus was that YHOO would be slightly ahead on the main metrics as the company sold everything not bolted down to beat the quarterly numbers.
But this isn't a big beat so the stock isn't doing much in afterhours. It's kind of a "If this is the best you can do, then ..." reaction. Or, as someone put it in a message to me just now, investors are implicitly accusing them of padding sales with paperclips, snow globes, and purple foam YHOO fingers, and still not being to blow away the Street. And that's just not good enough in the circumstances.
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