Yahoo Earnings Top Estimates, Revenue In Line; Stock Rises

Yahoo (YHOO) late Tuesday reported Q3 profit that topped expectations and in-line revenue, sending shares in the web portal up.

Yahoo said non-GAAP earnings rose 33% to 20 cents per share, with revenue climbing 7% to $1.305 billion. Analysts had projected EPS minus items of 14 cents and revenue of $1.306 billion. Yahoo's Q3 revenue was boosted by changes in a Microsoft (MSFT) search deal.

The web portal canceled its conference call to discuss earnings in the wake of its pending acquisition...

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