EBay's Net Revenue Rises 14% in 2Q
August 11 2021 - 3:43PM
Dow Jones News
By Allison Prang
EBay Inc.'s revenue rose slightly more than analysts were
expecting and adjusted earnings for continuing operations beat
analysts' consensus estimate, while profit was boosted by the
company's discontinued operations.
The company's net income for the period was $10.73 billion, up
from $746 million a year ago. Earnings were $15.68 a share, up from
$1.05 a share. Most of the company's profit was from discontinued
operations.
Adjusted earnings from continuing operations were 99 cents a
share. According to FactSet, analysts were expecting 96 cents a
share.
Second-quarter net revenue was $2.67 billion, up 14% from a year
ago. Analysts were expecting $2.63 billion.
EBay said annual active buyers fell 2% to 159 million and that
annual active sellers rose 5% to 19 million.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
August 11, 2021 16:34 ET (20:34 GMT)
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