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Yahoo's Q3 profit more than doubles to US$163m

Boost in profits comes from cutting workers and costs, not from the strength of its core business

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"We launched several new products and showed solid financial performance across the board," Ms Mayer said in an earnings release, which beat expectations despite only a slight rise in revenue.

San Francisco

YAHOO'S quarterly profits shot up by more than double to US$163 million even as it prepares for a takeover by Verizon.

The faded Internet pioneer skipped its usual quarterly earnings call with analysts due to the pending takeover by the US telecommunication company,