Yahoo Shares Shoot Up On Strong Earnings

Yahoo finally had a decent quarter, releasing third quarter earnings that didn’t immediately inspire panic among investors. Yahoo’s earnings, with $1.77 billion in revenue, $150 million in operating income, $1.02 billion in gross profit, sent shares up 7-8% most of this morning. While shares are well down from where they were a few years ago, or even from the first half of this year, they have been rebounding lately, up 25% in the last seven weeks.

Original post by Nathan Weinberg