Yahoo Stops the Bleeding, but So-So Results Signal Long Road Ahead

Updated

Yahoo (YHOO) CEO Carol Bartz may have stanched the bleeding, but she hasn't yet cured the patient. That was the bottom line Tuesday as the beleaguered Web giant posted lackluster results, meeting Wall Street expectations. After hours, the company's strong guidance sent the company's shares higher. For the current quarter, Yahoo forecast revenue between $1.6 billion and $1.7 billion, significantly higher than the $1.2 billion analysts had been expecting.

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