EBay 2Q profit rises 22 percent
AP , San Jose: Jul 16 2008
Made Popular Jul 16 2008
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EBay Inc. says its second-quarter profit jumped 22 percent. The company enjoyed strong growth in its e-commerce sites and its PayPal payments service.

The San Jose-based online auction company earned $460 million, or 35 cents per share, compared with $376 million, or 27 cents per share, in the year-ago quarter. Excluding certain items, eBay earned 43 cents per share.

That beat Wall Street’s forecast for 41 cents per share.

EBay’s revenue rose 20 percent to $2.20 billion. Analysts polled by Thomson Financial had been looking for $2.17 billion in revenue.

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