Yahoo! Down 9% Despite Beating Earnings Estimates - TheStreet

Yahoo!

(YHOO)

was down 9.3% in preopen

Island

trading.

The Internet media company late Tuesday reported third-quarter earnings of 13 cents per share before items, slightly better than the Street estimate of 12 cents and ahead of the year-ago 2 cents. But in a conference call, the company revealed that it experienced a drop in advertisers.