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Mark Mahaney of RBC Capital Markets probed on the mobile search growth drivers. $YHOO CEO Marissa Mayer said PPCs (pay-per-click) on mobile is under "more pressure" than they are on desktop, but she wants mobile search to evolve into a more "app-oriented format." $YHOO aim is to provide a personal assistant-style mobile search, said Marissa.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?