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Wednesday, January 18, 2006

Yahoo's latest results disappoint

Shares in Yahoo fell 12% in after-hours trading on Tuesday, after its results failed to meet market expectations.

The web giant made a post-exceptionals net profit of $247m (£140m) or 16 cents a share for its fourth quarter, below Wall Street's predicted 17 cents.

Overall net income for the last three months of 2005 shot up 83% to $683m compared to a year earlier.


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