Yahoo! Not Offering Financial Guidance, Names Mobile Top Priority
Yahoo! Inc. (NASDAQ: YHOO) has been given positive marks so far after its earnings report. While the report was sort of lackluster for an internet company, Yahoo! is in such a need of turnaround that anything decent is treated like good news. Yahoo! has also said that it has failed in mobile so far, and mobile will be the company's top priority.
There is a change coming which will likely be interpreted as good by some investors and will considered as bad by other investors. Yahoo! is not going to provide financial guidance. That is going to leave analysts and investors in the dark for a while.
Since Marissa Mayer came over from Google Inc. (NASDAQ: GOOG), this lack of guidance should probably not be of any serious surprise. Google does not offer guidance as management thinks it changes the long-term focus and influences decisions on such a short-term basis. Not offering guidance has not steered investors away from Google, but it is not known as of yet whether this will work for Yahoo!
Shares of Yahoo! are now trading up 4.3% at $16.41 in the after-hours session.
JON C. OGG