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Yahoo to report earnings

The company is expected to post an increase in quarterly profits from the year-ago period when it reports results after the stock market closes.

Yahoo is expected to post an increase in quarterly profits from the year-ago period when it reports results after the stock market closes today.

The third-quarter results of the Internet directory will be closely watched on Wall Street. Like Amazon.com and America Online, Yahoo is a barometer of the health of highly volatile Net stocks.

Other Net companies will report later in the month, including Excite, Infoseek, and @Home.

Yahoo shares were trading down today. At midday, the stock was down more than 6 percent. Other Net stocks were trading lower as well.

According to First Call, the mean estimate for Yahoo's third-quarter results is 9 cents a share, up from 2 cents a share posted for the like quarter a year ago. The range of broker estimates is between 9 cents and 10 cents a share.

For the year, Yahoo stock has appreciated about 237 percent.