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.
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(END) Dow Jones Newswires