Yahoo beat analyst estimates with a second-quarter profit of $141.4 million, or 10 cents a share, but its revenue dropped 13 percent from a year ago to $1.57 billion.

If not for the impact of currency rate fluctuations, revenue for the quarter ended June 30 would have declined only 8 percent from a year ago, Yahoo said.

Net income per share for the quarter compared with $131.2 million, or 9 cents per share, for the same period a year ago. Analysts on average were expecting income of 8 cents per share on revenue of $1.14 billion.

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Yahoo's profitability improved in the second quarter, but revenue declined from a year earlier. This chart shows revenue minus
TAC, commissions called traffic acquisition costs paid to advertising partners. (Credit: Yahoo)


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