Ebay revenue jumps 7 percent in last push from PayPal
SAN FRANCISCO – E-commerce company eBay Inc (EBAY.O) reported a 7 percent jump in net revenue, boosted by higher demand in the PayPal Holdings Inc (PYPLV.O) payments business it plans to spin off on Friday.
The company also announced an additional $1 billion share buyback program.
Net income fell to $83 million, or 7 cents per share, for the second quarter ended June 30, from $676 million, or 53 cents per share, a year earlier.
Net revenue rose to $4.38 billion from $4.10 billion. – Reuters