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Wednesday, 16 April 2014 - 7:56
Yahoo shares surge despite falling profits
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Shares in struggling internet search giant Yahoo jumped 9% despite a 20% fall in first quarter earnings.

The company's profits of 312 million dollars still beat expectations.

Yahoo also said revenue from display advertising increased by 2% to 409 million dollars, the first rise in some time.

Yahoo also reported that it had 430 million monthly mobile users who accessed Yahoo products, a crucial measure as the firm seeks to catch up with Facebook and Google to attract mobile advertising.
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