eBay: Hope Its Forecasters Are Better Than Yahoo’s
It was almost exactly a year ago, in mid-March 2008, that Yahoo (YHOO) laid out its once-secret three-year growth plan for the Street as part of its strategy to demonstrate that Microsoft’s (MSFT) takeover offer for the company was too low.
Here’s hoping that the soothsayers at eBay (EBAY) are a little more accurate that the ones at Yahoo.
Yahoo’s plan, which was more detailed that the one eBay offered up today, provided revenue guidance for 2009 and 2010 that was far above the estimates then being used on the Street:
- For 2009, the company projected revenue ex-TAC of $7.1 billion; the Street at the time was then looking for $6.4 billion.
- For 2010, the Yahoo plan projected revenue of $8.8 billion; the Street had been targeting $7.1 billion.