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By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company's online display advertising business continued to struggle. Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday. “This is a continuation of what we’ve seen for most of the last two years," said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business. Yahoo's revenue, excluding fees shared with partner websites, was $1. ... more...


By Marina Lopes WASHINGTON (Reuters) - Verizon Communications Inc's quarterly revenue rose 4.3 percent, matching forecasts, as price cuts attracted more customers and growing mobile video traffic boosted data usage. Subscribers' tendency to use more than one device, plugging in tablets and vehicle consoles to its network, also bolstered results. Postpaid customers connected nearly three devices per account, an increase of 3.7 percent. Verizon, the largest U.S. wireless carrier, added 1. ... more...


By Soham Chatterjee (Reuters) - Software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates due to a delay in the closing of a large U.S. government deal and lower bookings in Germany, Russia and Japan in the third quarter. The company's shares fell as much as 6 percent in after-market trade on Tuesday. "We were tracking a rather large federal (enterprise license agreement) to coincide with the governments year-end and this opportunity did not close in the quarter," Chief Operating Officer Carl Eschenbach said on a post-earnings call. ... more...


(Reuters) - Strong global demand for Apple Inc's iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said. Apple shares were set to open 2.4 percent higher on Tuesday. The company posted better-than-expected revenue on Monday on the back of a record iPhone launch that saw 39 million of the smartphones sold in the September quarter. ... more...


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