Yahoo more than doubles Q1 profit

Yahoo has reported a 2004 first quarter profit that, fueled by higher advertising income, more than doubled compared to the same period a year earlier.

The internet giant said net profit soared to $101.2m (€83.06m) or 14 cents a share in the three months to March 31. That compared to the year-ago net profit of $46.7m (€38.3m) or eight cents a share. Revenue shot up 167.8% to $757.8m (€622.04m).