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Yahoo! stock soars

Published on .

Yahoo! stock jumped 4 1/2 points on Wednesday as a result of its unexpected announcement of $96,000 in profits for the fourth quarter of '96. Shares increased from 20 7/8 to 25 3/8 on Thursday. The search engine logged more than 450 advertisers in the fourth quarter, producing revenue of $8.5 million for the quarter.

Copyright January 1997, Crain Communications Inc.

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