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Yahoo earnings come in above estimates and shares rise in after market

By Quartz Staff in United States

A link from The Wall Street Journal.

Yahoo shares jumped in late trading after the company’s earnings came in far higher than Wall Street expected, but the spike is wearing away as investors dig through the guts of report. Shares were up 5% in late trading, but are now up 3.5% at $21.02. Revenue was $1.35 billion, up from $1.32 billion a year ago.