Business Yahoo shares jump despite falling profits - BBC

Vunderkind

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Shares in struggling internet search giant Yahoo jumped 9% despite a 20% fall in first-quarter earnings.

The company's profits of $312m (£187m) still beat expectations.

Yahoo also said revenue from display advertising increased by 2% to $409m, the first rise in some time. Overall, first quarter revenue was $1.1bn, the best since 2010.

"I am really pleased by our first-quarter performance," said chief executive Marissa Mayer in a statement.

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Source: BBC
 

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