An eBay sign is seen at an office building in San Jose, California May 28, 2014.
/Beck Diefenbach
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. (Reporting by Devika Krishna Kumar and Kshitiz Goliya in Bengaluru; Editing by Don Sebastian)
No comments:
Post a Comment