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A Thomson Financial analyst estimate was expecting revenue of $1.26 billion for the first quarter and $5.47 billion for the full year.
That forecast coincided with the report that fourth-quarter revenue rose only 15% excluding costs, after rising 36% year over year in the prior fourth quarter. But some investors took Yahoo's guidance with a grain of salt. "We believe guidance is conservative, especially on implied spending and sets up upward revisions through the year," wrote American Technology Research analyst Rob Sanderson in a note to clients on Wednesday. Sanderson, who upgraded his price target to $37, says the stock may be ready to move upward as investors see more positive signs over the horizon. "With a low bar on guidance, easy comparables and the most significant growth catalyst in years now only weeks away, we believe the stock will be a great performer in 2007."TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
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