EBay Inc. (EBAY) on Thursday reported second-quarter net income of $83 million.
The San Jose, California-based company said it had net income of 7 cents per share. Earnings, adjusted to account for discontinued operations and stock option expense, were 76 cents per share.
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The results beat Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The e-commerce company posted revenue of $4.38 billion in the period, which did not meet Street forecasts. Thirteen analysts surveyed by Zacks expected $4.48 billion.
EBay expects full-year earnings in the range of $1.72 to $1.77 per share.
EBay shares have increased 13 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has climbed 25 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at http://www.zacks.com/ap/EBAY
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