Yahoo beats profit expectations but ad sales still sag

Yahoo (YHOO) reported better-than-expected earnings for the second quarter, but revenue fell short of Wall Street predictions as the company’s display advertising business continued to sag. Yahoo said Tuesday that it earned $335 million in profit on $1.07 billion in net revenue, or revenue after excluding commissions paid to advertising partners. Earnings for the period ending June 30 amounted to 30 cents a share, or 35 cents after adjusting for one-time costs. Profit was up 46 percent from the ...

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