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NEW YORK Yahoo!’s shares rose 16 percent to close on the Nasdaq today at $56.21, following yesterday’s news that the its first-quarter net income doubled on revenue of $758 million. The Sunnyvale, Calif.-based company also said yesterday that it plans a two-for-one split of all outstanding shares of its common stock on May 11.
Other Internet company stocks on the Nasdaq reacted positively after the earnings report from the Web portal, a bellwether of online advertising.
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