Online advertising boom buoys Yahoo! revenues

Yahoo! beat analysts' earnings predictions in the first quarter of 2012, buoyed by the 23% year-on-year growth of the U.S. online advertising sector in the first quarter of 2012. The company's search-advertising business grew 8%, while its display-ads business shrank 4%. The company expects its display revenues to rebound in the second quarter, said Chief Financial Officer Tim Morse.

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