Yahoo! (YHOO) Issues Q3 Gudiance, Revenue Light

Yahoo! (NASDAQ: YHOO) issued Q3 guidance of:

• GAAP revenue $1,230 – $1,270
• Cost of revenue - TAC $230 – $270
• Revenue ex-TAC(1) $1,000 – $1,040
• Adjusted EBITDA $200 – $240
• Non-GAAP operating income $50 – $90

(Street sees Q3 revenue of $1.07 billion.)

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