Yahoo announces that its quarterly profit more than tripled as cost cuts and asset sales more than offset a continued decline in sales, sending its shares up 5 percent.
– SAN FRANCISCO (Reuters) Yahoo Inc’s quarterly profit more than
tripled as cost cuts and asset sales more than offset a continued
decline in sales, sending its shares up 5 percent.
Chief Financial Officer Tim Morse told Reuters the Internet company’s top advertisers were beginning to spend again.
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