Quarterly income soars 14% at Ebay

Online auction site eBay said its third-quarter net income climbed 14%, helped by growth in its marketplace and PayPal online payment service.

Quarterly income soars 14% at Ebay

Online auction site eBay said its third-quarter net income climbed 14%, helped by growth in its marketplace and PayPal online payment service.

CEO John Donahoe said both businesses were bolstered by increasing use of the company’s services over mobile devices – such as smartphones and tablet computers. This is still a small business for eBay, but one that has been growing rapidly.

For the July-September quarter, eBay said it earned $491m, or 37c per share. This compares with $432m, or 33c per share, a year earlier.

Excluding special items, the company earned 48c per share, which is what analysts polled by FactSet were expecting.

Revenue increased 32% to $3bn, beating analyst expectations of $2.9bn.

x

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited