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Robert_Charlton - 9:09 pm on Apr 22, 2008 (gmt 0)
SAN FRANCISCO (Reuters) - Yahoo Inc (YHOO.O) on Tuesday posted quarterly profit, excluding one-time items, at the top end of Wall Street's range of lowered forecasts, as it sought to bolster its case that Microsoft Corp's (MSFT.O) takeover bid undervalues it. Buoyed by a large gain on a stake in China's Alibaba.com Ltd (1688.HK), Yahoo's first-quarter net income rose to $542.2 million, or 37 cents per diluted share, compared with the year-ago quarter's $142.4 million, or 10 cents per diluted share....
In Yahoo News [news.yahoo.com]... CORRECTED: Yahoo adjusted profit tops Wall St. average