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Yahoo! shares jump as profit tops expectations

The Yahoo logo is displayed in front of the Yahoo headqarters on July 17, 2012 in Sunnyvale, California. Yahoo! shares jumped Monday as the struggling Internet pioneer topped Wall Street expectations despite a slip in quarterly profit.

Yahoo! shares jumped Monday as the struggling Internet pioneer topped Wall Street expectations despite a slip in quarterly profit.

Yahoo! reported profit of $272 million, an eight percent drop from the same period a year earlier, but the earnings figures were enough to bump the California company's stock more than three percent to $21.01 a share.