Idearc Inc. (NYSE:IAR) shares are soaring 18% after the yellow pages publisher reported early Tuesday that its adjusted first-quarter earnings totaled $116 million, or $0.79 per share, versus Wall Street’s expectation of $0.63 per share. Quarterly revenue edged down 4.5% to $770 million, which missed Wall Street’s consensus estimate of $775.3 million.

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