Yahoo has their second quarter shareholder conference call Tuesday evening and the numbers are in.

For Q2 of 2008 Yahoo’s Revenues were $1.79 Billion, representing a 6% increase over 2007 Q2 Results. Their cost of revenues were also up substantially resulting in a gross profit up by only $18 million compared to 2007. Granted that a profit of more than a Billion dollars is nothing to sneeze at, but $18 million in growth is really peanuts in this multi-billion dollar industry.

For a full rundown of all the figures or to listen to the conference call, visit Yahoo Investor Relations.