eBay Profit Declines, as Sales Rise 25 Percent
eBay Inc. posted lower earnings Wednesday, but the online retailer’s 25 percent revenue increase was offset by its recent acquisition of an e-commerce and marketing firm.
In addition, eBay issued a revenue outlook that surpassed most Wall Street expectations.
eBay said its second-quarter net income fell to $283 million, or 22 cents a share, from $412 million, or 31 cents a share in the same period last year.