Business & Finance
EBay Reports Second-Quarter Sales, Profit That Beat Expectations
Key Points
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.