Monday, January 28, 2013

Yahoo fourth-quarter adjusted profit beats expectations; shares rise

(Reuters) - Yahoo Inc reported revenue of $1.35 billion in the fourth quarter, up nearly 2 percent year-on-year.

The Web portal said on Monday that its fourth-quarter net income was $272.3 million, or 23 cents per share, versus $295.6 million, or 24 cents per share in the year-ago period.

(Reporting by Alexei Oreskovic; Editing by Phil Berlowitz)

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