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EBay tops earnings and revenue expectations in Q2

EBay tops earnings and revenue expectations in Q2

EBay's Q2 earnings and revenue blew past Wall Street's expectations, thanks to strong performance in the U.S. and Germany and in the PayPal unit.

EBay Inc. exceeded Wall Street's revenue and earnings expectations in its 2005 second quarter, ended June 30, helped by strong performance in the U.S. and Germany and in its PayPal unit, the San Jose, California, online marketplace said Wednesday.

EBay reported net revenue of US$1.086 billion, up 40 percent from last year's second quarter and above consensus expectation of $1.042 billion from analysts polled by Thomson First Call.

Net income rose 53 percent to $291.6 million, or $0.21 per share. On a pro forma basis, it was up 55 percent to $307.2 million, or $0.22 per share, topping consensus expectations of $0.18 per share.

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