More on Yahoo's Q1: Midpoint of Q2 revenue guidance range above consensus of $1.06B. Q1 display...


More on Yahoo's Q1: Midpoint of Q2 revenue guidance range above consensus of $1.06B. Q1 display ad revenue -4% Y/Y, unchanged from Q4. Search ad revenue -8%, worse than Q4's 3% drop and likely affected by lower cost reimbursements from Microsoft. Free cash flow was $196M, below net earnings of $286M. $71M worth of shares were repurchased. R&D expenses were 19% of revenue - expect that figure to drop due to layoffs. YHOO +2.3% AH. (PR)

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