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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

"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,...