Yahoo lowers acquirement angle afterwards 64 percent bead in third-quarter profit
SUNNYVALE, Calif. (AP) -- Yahoo Inc. is blurred its acquirement estimates for the butt of the year. The move reflects ascent apropos about a abatement in online ad spending as the abridgement unravels.
In a afterlight fabricated Tuesday, the Sunnyvale-based aggregation projected its 2008 acquirement will ambit from $7.18 billion to $7.38 billion -- down from a anticipation of $7.35 billion to $7.85 billion issued three months ago.
Like a lot of Internet companies, Yahoo relies on commercial for a lot of of its profits. Online advertisers, though, are acid aback as they brace for what's accepted to be the affliction recession in a quarter-century.
The boxy times answer Yahoo to draw up affairs to blaze at atomic 1,500 workers afterwards a 64 percent bead in its third-quarter profit.
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