Yahoo earnings beat expectations, profits triple, stock soars

Updated

Break out the dancing girls!

Yahoo Inc. turned in a very solid quarter after an extended run of poor performance, sending its stock soaring three percent in after hours trading. Yahoo's earnings report was a welcome jolt of good news for a company that has been ravaged by takeover turmoil, management mayhem and strategic sloppiness for two years. The solid earnings numbers should also provide some cover for an embarrassing story that surfaced early Tuesday about Yahoo hiring lap-dancers for an engineering event in Taiwan.

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