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Wednesday, July 16, 2008
EBay 2Q Profit Soars, Beating Expectations
Associated Press
EBay Inc. says its second-quarter profit jumped 22%. The company enjoyed strong growth in its e-commerce sites and its PayPal payments service.
The San Jose-based online auction company earned $460 million, or 35 cents per share, compared with $376 million, or 27 cents per share, in the year-ago quarter. Excluding certain items, eBay (EBAY) earned 43 cents per share. That beat Wall Street's forecast for 41 cents per share.
EBay's revenue rose 20% to $2.20 billion. Analysts polled by Thomson Financial had been looking for $2.17 billion in revenue.
