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Yahoo profits up 244%, revenue down 12%
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10-20-2009
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Yahoo profits up 244%, revenue down 12%
Yahoo joined the ranks of other major tech companies that turned a profit in the recent quarter after reporting better-than-expected earnings. The search company posted a net income of $186 million or $.13 per share, which is up 244% from the year-ago quarter's $54 million, and excluding some expenses net income was $213 million or $.15 a share.
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