Yahoo Perks Up But Still Has Room to Grow

Tuesday, Jul 20, 2010  |  Updated 3:00 PM PDT
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Yahoo Perks Up But Still Has Room to Grow

Financial advisor George Chamberlin talks about the day's stock numbers, reports of hackers breaching Citi Group computers, Yahoo, and iTunes in his business report.

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Yahoo's turnaround effort picked up a little more steam in the second quarter even though revenue grew at a slower rate than analysts hoped.
     
The results released Tuesday still marked Yahoo's best performance since it hired no-nonsense CEO Carol Bartz 18 months ago.

Yahoo's modest growth provided the latest sign that technology and electronic commerce are recovering from the Great Recession a little quicker than other parts of the economy.

The company earned $213 million in the three months ending in June. That represented a 51 percent increase from net income of $141 million at the same time last year.

Yahoo's earnings per share of 15 cents were a penny above analyst estimates.

Revenue for the period edged up 2 percent to $1.6 billion.
 

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