Yahoo reported on Tuesday that its first-quarter income rocketed 55%.

 

Income rose to $204.6 million, or 14 cents a share, from $101.2 million, or 7 cents, in the previous year. Analysts were expecting 11 cents a share.

 

Revenue surged 55% to a new record of $1.17 billion.

 

The company also raised its outlook for 2005 sales to the range of $3.57 billion to $3.72 billion from a previous forecast of $3.37 billion to $3.57 billion.