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.
|Get the ingredients you need to cook with Rach all week long.|
|Full length exclusive concerts from hot artists.|
|Take a break!
Classic Pacman, Frogger, Asteroids and more.
Sell almost anything locally.