WSJ.com - Yahoo Profit Soars, but Stock Drops: "Yahoo Inc. reported an 83% increase in fourth-quarter profit and a 39% increase in revenue, fueled by advertisers' shift to online advertising from traditional media. But the Internet portal company's results missed some analysts' expectations, sending its shares plunging 14% in after-hours trading.
The Sunnyvale, Calif., company reported net income of $683 million, or 46 cents a share, compared with $373 million, or 25 cents a share, a year earlier.
Excluding gains, tax benefits, and other adjustments related to investments and Yahoo's transaction with Chinese Internet firm Alibaba.com, Yahoo's income was $247 million, or 16 cents a share, compared with $187 million, or 13 cents, a year earlier. That fell short of Wall Street analysts' estimates of 17 cents, according to a survey by Thomson Financial."
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