Revenue boosts Yahoo! shares

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SHARES IN Yahoo!, the California-based Internet stock, jumped 5 per cent in early trade yesterday after it said its revenues had almost tripled in the second-quarter, exceeding analysts' expectations. The company said that second-quarter revenue rose to $115.2m from $41.2m a year earlier, boosted by advertising growth. "It was about as good as you can get. Every [measurement] is better than what people were looking for," said one analyst.

Yahoo!'s loss from operations widened to $24.4m, or 11 cents a share, from $14.2m for the same period a year earlier. Yahoo!'s number of registered users, used by advertisers to determine whether they will advertise on Yahoo! and how much they will be charged, rose to 65 million from 47 million.