Checks indicate Yahoo's (YHOO +2.8%) ad sales have been bolstered by modest inventory growth and...
Checks indicate Yahoo's (YHOO +2.8%) ad sales have been bolstered by modest inventory growth and improvement in revenue/search, trends that are offsetting continued price pressure in the display ad market, says Goldman's Heath Terry in a note that appears to be lifting shares. Expectations for Yahoo's search and (especially) display ad sales are low following a weak Q1. Terry, who maintains a Buy and $30 PT, forecasts Q2 revenue of $1.079B and adjusted EBITDA (lifted by cost savings) of $376M vs. a consensus of $1.082B and $369M.
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