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eBay Inc. Message Board

  • adspatz adspatz Jul 18, 2013 10:37 AM Flag

    eBay reports 14.1% revenue increase in second quarter financial results

    Search for "SEC Live Filings Digest" to find out more.
    Online auction giant eBay (EBAY) announced its financial results for second quarter fiscal 2013, reporting a revenue increase of 14.1% to $3.9B from $3.4B a year ago. Despite the strong revenue growth, the company did not live up to investor expectations with respect to net income, reporting $640M, a 7.5% decrease from last year’s $692M. Comparing earnings per share, eBay investors earned $0.49 per share, $0.04 less per share from last year. eBay’s payment unit PayPal saw revenue increase 20% from $1.36B last year to $1.62B this quarter. PayPal has been credited for a large part of eBay’s overall success as PayPal strives to be the payment method of choice for not only online transactions, but brick-and-mortar stores as well. eBay CEO John Donahoe remarked that the company is strong and he remains confident in its ability to meet and exceed internal goals.

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