Yahoo third quarter earnings exceed expectations.

On Tuesday Yahoo (YHOO) reported that its earnings for the third quarter earnings exceeded expectations after a great amount of user data was hacked in the previous month which threatened the purchase of Yahoo's web assets by Verizon. Profit on certain products stood at 20 cents per share, exceeding many analysts prediction of 14 cents a share. With the exception of revenue generated by traffic on the web, it is estimated that sales decreased by 14% to $857.7 million and did not exceed analaysts prediction of $860.1 million. Craig Siliman, CEO of Verizon, said that the hack could impact the deal made with Yahoo in July this year and still has to shift through more information regarding the hack.

 

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