Yahoo has quoted an increase in profits and revenue during the Q2 results of 2010.

The overall net income was up 51 per cent to $213 million for the quarter. It was further added that the rise in revenues have fallen short of predictions, offering just 2 per cent to $1.60 billion.

Analysts have claimed that the revenues have reached $1.68 billion for the quarter. Despite the increase in sales of display adverts on Yahoo-run webpages, a nose dive droop in case of sales has come in as limited search options.

Yahoo shares have dropped by 7 percent in form after hours that are based on publication of the figures.

Through a conference call made by the market analyst, the company's financial head, Tim Morse, stated: “This is undoubtedly a work in progress, but we do have a terrific value proposition, we are on the right path, and we need to keep making progress.”

Yahoo claims that the page has close to 600 million visitors every month.