EBay profit falls, as revenue rises 25%

By John Letzing

EBay Inc. EBAY said Wednesday that its second-quarter net income fell to $283 million, or 22 cents a share, from $412 million, or 31 cents a share in the same period last year. The online retailer said revenue for the period ended June 30 rose 25% to $2.76 billion. Excluding one-time items, eBay said earnings for the quarter were 48 cents a share. Analysts polled by FactSet Research had expected eBay to report earnings excluding items of 46 cents a share, and $2.61 billion in revenue.

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