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Yahoo results edge past estimates in good sign for sale of business

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 7, 2014

Yahoo Inc's first-quarter results beat Wall Street estimates by a hair on Tuesday in what was taken as a good sign for the web pioneer's plan to auction its core business.

Under pressure from activist shareholder Starboard Value LP and others, Yahoo has ramped up a sale of its media, email and other web businesses. Yahoo's overall fortunes have failed to revive under Chief Executive Marissa Mayer, although she points to good results in key areas including social media.

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