Yahoo! Rises on Earnings Beat, Reduced Alibaba Sale
Tuesday, October 15, 2013
NEW YORK (TheStreet) -- Yahoo! shares rose 0.9% to $33.69 after the Internet giant posted results that beat Wall Street expectations. For the third-quarter, Sunnyvale, Calif.-based Yahoo! reported earnings of 34 cents a share on $1.081 billion in revenue, as search revenue excluding traffic acquisition costs (TAC) rose 3% year-over-year to $426 million. Analysts surveyed by Thomson Reuters ...
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