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Updated from 5:15 p.m. EDT
The market turned to Yahoo! (YHOO Quote) for a bit of cheer this dour earnings season -- and Yahoo! delivered.
For its first quarter ended last month, the Sunnyvale, Calif., Internet giant beat Wall Street's expectations Tuesday and gave hope that there may yet be strong growth in the Internet sector after all. Revenue grew 55% from the year-ago quarter, not bad for a 10-year-old company, which in Internet time qualifies as middle age. ...
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