Yahoo Q1 Profit Drops 11%

Posted on April 17, 2007 - 15:09 by AP (via Yahoo)

Yahoo's first-quarter profit fell 11%, disappointing investors who have been betting that the Internet icon had regained its stride after stumbling through much of last year.

The Sunnyvale-based company said Tuesday that it earned $142.4 million, or 10 cents per share, during the first three months of the year.

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