EBay tops earnings and revenue expectations in Q2
- 20 July, 2005 20:52
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.