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Yahoo : sees flat second-quarter as revenue growth remains elusive

April 15, 2014 at 06:11 pm EDT

MarketScreener.com By The editorial team

SAN FRANCISCO (Reuters) - Yahoo Inc on Tuesday forecast second-quarter revenue, excluding traffic acquisition costs, of $1.06 billion (633.59 million pounds) to $1.1 billion, in line with expectations for about $1.08 billion.

That is roughly flat from the $1.07 billion in revenue that Yahoo posted in the same quarter of 2013.

(Reporting by Alexei Oreskovic. Editing by Andre Grenon)

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Altaba Inc. (the Fund), formerly Yahoo! Inc., is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation (Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan. In addition to the Alibaba Shares and the Yahoo Japan Shares, the Fund also owns the minority investments, all of the equity interests in Excalibur IP, LLC (which owns the Excalibur IP Assets) and the marketable debt securities portfolio. The Fund's external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC.

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