Yahoo profits rise, sales fall

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Yahoo has reported strong profits for the second quarter of 2010, but the company still managed to miss out on analyst predictions.

Profits surged by 51 per cent compared to the same quarter last year, up for $141 million to $213 million.

However, revenue only crept up by a meagre two per cent to $1.6 billion, the bottom end of the company’s expectations.

Once partners had been paid and costs met, this fell to $1.13 billion, lower than the Thomson Reuters’ prediction of $1.16 billion.

Yet, Carol Bartz, the company's chief executive, remained positive.

“We’re pleased that we continued to deliver strong operating income and margin expansion,” she said.

“Our search fundamentals are improving and we posted another quarter of healthy display advertising growth.”

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