Yahoo Reports a Profit in First Quarter

Yahoo Inc. reported a first-quarter profit, exceeding analysts’ estimates, as increased traffic on the Internet helped results. The Santa Clara-based Internet navigational guide provider reported net income of $210,000, or 1 cent a share, up from net income of $81,000, or virtually break-even, in the year-earlier period. Yahoo beat the average estimate of a 3-cents-a-share loss by seven analysts surveyed by Zacks Investment Research. Revenue increased to $9.52 million for the first quarter, compared with $1.73 million in the year-ago period. The company said its traffic increased to an average of more than 30 million page views a day in March, up 50% from December. Yahoo shares rose $1.19 to close at $34.44 on Nasdaq.