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Yahoo’s first quarter profit doubles

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Yahoo's first quarter profit doubles

Yahoo’s first-quarter profit doubled as the Internet powerhouse continued to ride a rising tide of online advertising.

The Sunnyvale-based company said Tuesday that it earned $204.6 million, or 14 cents per share, during the three months ended in March. That compared with net income of $101.2 million, or 7 cents per share at the same time last year.

Read the complete story. (NewsFactor)