Yahoo reports strong Q1 earnings

Yahoo, beating analysts' expectations, on Wednesday said that in the quarter ended March 31, its net income reached $US16.4 million on revenues that nearly tripled from the year earlier period.

The Santa Clara, California-based Web portal company said revenues hit $86 million for the quarter vs $30.5 million for the same quarter a year earlier.

Yahoo said its "page views" increased from 235 million views a day vs an average of 167 million a day in December. Yahoo defines a page view as one electronic page of information displayed in response to a user's request.

The company said its members grew to 47 million up from 35 million from the quarter that ended in December. Yahoo defines members as users who provide it with demographic information.

Yahoo during the quarter said it will purchase both GeoCities and Broadcast.com, but the earnings announced on Wednesday do not include those acquisitions.

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