EBay's Second-quarter Revenue Climbs 13 Percent

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EBay's Second-quarter Revenue Climbs 13 Percent

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EBay's Second-quarter Revenue Climbs 13 Percent

by Wochit 0:51 mins

EBay's Second-quarter Revenue Climbs 13 Percent

by Wochit 0:51 mins

EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as it fended off increasing competition from arch-foe Amazon.com Inc and a growing number of smaller niche retail websites. The company reported second-quarter revenue of $4.37 billion, versus $3.88 billion a year ago and the $4.38 billion that Wall Street had expected, on average. Gross merchandise value, a measure of ecommerce transactions across its main Marketplaces platform, grew 12 percent, in line with or slightly better than analysts' forecasts. Shares in eBay inched 1.3 percent higher to $51.35 after hours, from a close at $50.70 on the Nasdaq.

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