Yahoo’s 1Q earnings beat estimates.

The first quarter earnings have just been released by Yahoo. Their net income was $204.6 million, or 14 cents a share vs. net income of $101.2 million, or 7 cents a share, in the Q1 2004.

Revenues were $1,174 million for the first quarter of 2005, a 55 percent increase compared to $758 million for the same period of 2004. Analysts were estimating 11 cents a share on $796.8 million in revenue.

The full press release is here

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