Thursday, July 21, 2011

eBay exceeds expectations in the second quarter

The online trading company published Wednesday, July 20, quarterly results better than expected, thanks to the sustained growth of its subsidiary PayPal. Ebay posted a net profit of 283.4 million dollars (199 million), against $ 412 million the same quarter last year. Lower earnings were due in part to the cost of the acquisition of GSI Commerce this year.

The group also performed on a quarterly revenue of $ 2.8 billion, representing an increase of 25% over the second quarter of 2010. 100 million PayPal accounts Results from Ebay are particularly driven by the performance of its online payment subsidiary, PayPal, just enregistrer100 million active accounts.

Paypal revenues jumped 31% to 1.073 billion dollars. Side-commerce sites, the heart activity of the group, sales rose 19% to $ 1.66 billion. The group, however, argued forecast subdued: the turnover is expected between 2.85 and 2.95 billion dollars in the third quarter.

For the full year, revenue is expected between 11.3 and 11.6 billion, against 10.87 billion dollars which had been scheduled to analysts. The stock has gained 1.90% to 33.80 dollars in electronic trading after the close of trading.

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