eBay Shares Rise In After Hours Trading Following Q2 Earnings

TheStreet

eBays shares rose after-hours Wednesday after the company announced second quarter results. The ecommerce company reported non-GAAP earnings of 69 cents a share on $4.4 billion revenue. Analysts surveyed by Thomson Reuters were expecting 68 cents a share on $4.4 billion in sales. eBay’s shares were rising 1.34% to $51.38. PayPal continued to be the driving force for eBay, as reported PayPal net total payment with a total revenue grew to $1.9 billion. PayPal payment volume grew 29% with Merchant Services volume up 35%. Despite a security breach in February, eBay's PayPal gained 4.0 million new active registered accounts to end the quarter at 152 million, up 15%.