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Yahoo tops 3Q profit forecasts

(AP) — Yahoo Inc. (YHOO) on Tuesday reported third-quarter net income of $162.8 million. Earnings, adjusted for one-time gains and costs, were 20 cents per share. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. The internet media company posted revenue of $1.31 billion in the period.
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