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. Last Updated: 07/27/2016

Yahoo Returns Surprise




WOODSIDE, California -- Internet company Yahoo Inc. outdid itself Wednesday by beating even the unofficial "whisper" estimates for earnings and revenue growth.


Chief executive Tim Koogle credited part of the increase to the portal's rapid global expansion. Yahoo is No. 1 in Britain, Italy, France, South Korea and Japan, he said.


Yahoo's revenues in the third quarter were $155 million, more than double the $66.3 million of a year ago and about 10 percent more than analysts' expectations.