Yahoo's second-quarter profit fell 2.3 percent as Google Inc. extended its lead in Internet search queries and new rivals took sales in display advertising.
Net income dropped to $160.6 million, or 11 cents a share, from $164.3 million, or 11 cents, a year earlier, the Sunnyvale, California-based company said today in a statement. Sales, excluding revenue passed on to partner sites, rose 11 percent to $1.24 billion.
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