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EBay Reports Second-Quarter Sales, Profit That Beat Expectations

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EBay Reports Second-Quarter Sales, Profit That Beat Expectations EBay Inc. reported second-quarter sales and profit that beat expectations, boosting confidence that its purchase of used clothing marketplace Depop strengthens its position against upstart Vinted. Second-quarter income, excluding some items, was $1.60 a share, the company said Wednesday in a statement. Revenue increased 15% to $3.1 billion.

EBay Reports Second-Quarter Sales, Profit That Beat Expectations EBay Inc. reported second-quarter sales and profit that beat expectations, boosting confidence that its purchase of used clothing marketplace Depop strengthens its position against upstart Vinted. Second-quarter income, excluding some items, was $1.60 a share, the company said Wednesday in a statement. Revenue increased 15% to $3.1 billion. Analysts, on average, estimated earnings of $1.51 per share on sales of $3.02 billion, according to data compiled by Bloomberg.
EBay (ORG) Depop (PERSON) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →