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Tuesday, October 20, 2009
Yahoo Posts Sharp Increase In Third-quarter Profit
By John Letzing
MarketWatch Pulse
SAN FRANCISCO - Yahoo Inc. said Tuesday its third-quarter net income rose to $187 million, or 13 cents a share, from $54.3 million, or 4 cents a share in the same period last year. Net revenues for the period ended in September were $1.13 billion, Yahoo said. Analysts polled by Thomson Reuters had estimated Yahoo would post third-quarter earnings of 7 cents a share, and $1.12 billion in net revenue.
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