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April 22 2007
Yahoo results not so high
Yahoo's first quarter profits were never going to be as high as Google's but even in comparison to its own financial report a year ago, business is not looking quite so rosy for Yahoo.
Revenue was up 7% to $167 billion but the search company reported a drop in profits of 11% to $142.4 million. The earnings dip is an expected result of the migration process to Panama, reports internetnews.com. "They're getting the kinks out of the engine and that's why things are declining."
Emma Herrod
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