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YAHOO PROFIT BEATS ESTIMATES AS EMERGING BUSINESSES SHINE


Yahoo Inc (YHOO.O) reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc (VZ.N) has been shaken by a massive data breach.Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83 billion deal.Tuesday's results provided at least an initial indication that the data breach has not led to a quick exodus of Yahoo customers, as some had feared.

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#Yahoo #Profit #VerizonCommunication

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