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Internet giant posts a profit

Thursday, April 10, 2003 | 9:50 a.m.

SAN FRANCISCO -- After clearing a fourth profitable quarter, Yahoo! Inc. is further distancing itself from the dot-com debacle that had caused losses just a year ago.

The Internet bellwether earned $46.7 million, or 8 cents per share, for the three months ending in March. That contrasted with a loss of $53.6 million, or 9 cents per share, at the same time last year.

The results reported Wednesday were 2 cents above the consensus estimate of 6 cents per share among analysts polled by Thomson First Call.

Yahoo's first-quarter revenue totaled $282.9 million, a 47 percent improvement from $192.7 million last year.

Emboldened by its first-quarter showing, Yahoo raised its revenue projections for the rest of the year, promising accelerated growth even as most high-tech firms remain on a financial treadmill.

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