Yahoo Shares Tick Higher As Results Top Street View

By Markets MarketWatch Pulse

Yahoo Inc. shares rose in the extended session Tuesday after the web portal topped Wall Street estimates for the first quarter. Yahoo shares advanced 0.6% to $36.54 after hours. The company reported adjusted earnings of 8 cents a share on revenue of $1.09 billion. Excluding traffic acquisition costs, revenue was $859 million. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on adjusted revenue of $846.1 million.

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