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Yahoo reports higher earnings
The new Yahoo CEO Marissa Mayer is looking to her friends and family members to help choose her new baby boy's name.
The new Yahoo CEO Marissa Mayer is looking to her friends and family members to help choose her new baby boy's name.
REUTERS/Stephen Lam
Y

ahoo on Monday reported better-than-expected earnings for the third quarter, sending its share price up by 3 percent in after-hours trading. Excluding its sale of Chinese internet giant Alibaba last month, which brought in a one-time quarterly gain of $2.8 billion, Yahoo posted $177 million in net income. It is the company's first quarterly report since hiring Marissa Mayer, a former Google executive, to helm the company. Despite the improved earnings, analysts say the gloomy outlook for Yahoo won't change until Mayer outlines her plan for turning the company around.

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