Yahoo!, the largest US Web portal, reported earnings and sales that exceeded estimates as it benefited from growth in the online advertising market under newly appointed CEO Scott Thompson.
First-quarter revenue, excluding sales passed on to partner sites, rose to $1.08 billion, while profit, excluding some items, was 24 cents a share, beating the average 17 cent analyst estimate. Shares rose 1.5 percent to $15.01.
Scott Thompson.First-quarter, online advertising, Yahoo!, online
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