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Shares of Yahoo!(YHOO Quote) fell $1.76, or 8.5%, to $19.05 after the company offered a soft revenue outlook for 2008.
Net income for the fourth quarter fell to $206 million, or 15 cents a share, from $269 million, or 19 cents a share, a year earlier. Revenue rose 8% to $1.8 billion. Excluding traffic acquisition costs, revenue increased 14% to $1.4 billion.
Analysts were expecting EPS of 11 cents on revenue, excluding traffic acquisition costs, of $1.41 billion. For the first quarter, Yahoo! said it expects revenue between $1.28 billion and $1.38 billion, lower than analysts' expectations of 11 cents a share earnings on revenue of $1.36 billion. ...
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