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Yahoo (NASDAQ:YHOO) posted a quarter that was not too high, not too low - but just in line. But that's really not good enough to get the stock going. At least, it's not good enough for me. That means Yahoo's outlook on Panama -- its advertising platform -- might help investors feel confident to buy the stock.

But keep in mind, Yahoo's outlook for 2007 may just be too wide of a range that investors might not feel confident in Yahoo's ability to hit the high-end of the range. Yahoo said it expects 2007 sales to rise 9% or 20%. The range is so wide, you could drive a truck through it.

Here's a quick look at where Yahoo came in and what was expected.

  • Yahoo reported fourth-quarter sales of $1.228 billion, which was in line with Wall Street estimates of $1.22 billion and Yahoo's guidance of $1.2 billion.
  • Yahoo reported cash flow of $540 million in the fourth quarter, at the high end of Yahoo's guidance and higher than Street's estimates of $515 million.
  • Yahoo said it expects to generate between $1.12 billion and $1.23 billion, slightly lower than the Street estimates of $1.258 billion.
  • Yahoo said it expects to earn $420 million and $480 million in cash flow, slightly lower than Street estimates of $497 million.
  • Yahoo said it expects to generate 2007 sales of $4.95 billion and $5.45 billion, slightly less than the $5.471 billion the Street expected.
  • Yahoo said it expects to earn $1.95 billion to $2.2 billion in cash flow, slightly less to in-line with Street estimates of $2.2 billion.
  • YHOO 1-yr chart
    YHOO

    Source: Yahoo: 2007 Guidance Range Very Broad