EBay ,More than Doubles 2Q Earnings, Revenue Up

NEW YORK (AP) -- EBay says its second-quarter net income more than doubled, thanks to higher revenue from its PayPal online payments business and its e-commerce websites.

EBay Inc. earned $692 million, or 53 cents per share, in the April-June period. That's up from $283 million, or 22 cents per share, in the same period a year earlier.

Adjusted earnings were 56 cents per share in the latest quarter, a penny above analysts' expectations.

Revenue grew 23 percent to $3.4 billion from $2.76 billion.

Analysts, on average, were expecting revenue of $3.36 billion, according to FactSet.

EBay says its marketplaces business, which includes its flagship website, saw the strongest growth rate since 2006.


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