Yahoo! shares bounce as profit tops expectations
- Published: 29 Jan 2013 at 04.44
- Online news: World
Yahoo! shares bounced in after-hours trading as the struggling Internet pioneer topped Wall Street expectations despite a slip in quarterly profit.
The Yahoo! logo is pictured outside the company's headquarters in California on July 17, 2012. The company's shares bounced in after-hours trading as the struggling Internet pioneer topped Wall Street expectations despite a slip in quarterly profit.
Yahoo! on Monday reported profit of $272 million, an eight percent drop from a year earlier, but the earnings figures were enough to make its stock jump before setting more than three percent above the regular trading day closing price.
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