Yahoo profit doubles on higher ad revenue

Internet media company Yahoo tonight posted a quarterly profit that more than doubled, driven by still-rising revenue in its …

Internet media company Yahoo tonight posted a quarterly profit that more than doubled, driven by still-rising revenue in its acquired Overture Services Web advertising unit.

Sunnyvale, California-based Yahoo had a second-quarter net profit of $112.5 million, or 8 cents a share.

Its year-ago profit was $50.8 million, or 4 cents a share.

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