Yahoo?s shares fell dramatically yesterday just one day after the Internet company announced third quarter profits that beat Wall Street expectations.
Shares fell at one point by as much as 12 per cent during Thursday?s trading reflecting the overall decline in the shares of technology companies.
On Wednesday Yahoo posted a net income of $16.6 million, or 15 cents per share, compared with $681,000 or one cent in the same period last year. Wall Street analysts had predicted earnings of nine cents per share.
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A smartphone maker fiddling its benchmarking scores? That's unusual, isn't it?