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Yahoo beats on earnings, says Verizon deal to close in June

Yahoo Inc. YHOO, +0.97% beat expectations with a Tuesday earnings report, but shares were mostly quiet as investors wait for the planned acquisition of the company by Verizon Communications Inc. VZ, -0.11% which is now expected in June. Yahoo reported net income of $99.4 million, or 10 cents a share, on total revenue of $1.33 billion. After adjusting profit for...