23 April, 2008

Yahoo Earnings Beat Wall Street Targets

Uses Quarterly Gains as Sign That Microsoft Acquisition Bid Undervalues Company.

Yahoo's first-quarter earnings were good enough to trump Wall Street estimates. For first-quarter 2008, net income notched $542.2 million, or 37 cents a share, up from $142.4 million, or 10 cents a share, in first quarter 2007.

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