Despite gains reported in core business areas, eBay is facing economic weakness in key overseas markets, which sent its stock tumbling following its quarterly earnings report Wednesday. eBay reported non-GAAP net income of $822 million, or 63 cents per share, compared with the $730 million, or 56 cents per share, that it brought in during the same period a year ago. eBay’s revenue increased 14 percent on the quarter, jumping from $3.4 billion a year ago to $3.88 billion.
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eBay Banks on Core Strengths to Weather European Doldrums
Posted by: Rachelle Dragani July 18, 2013 11:06 AMDespite gains reported in core business areas, eBay is facing economic weakness in key overseas markets, which sent its stock tumbling following its quarterly earnings report Wednesday. eBay reported non-GAAP net income of $822 million, or 63 cents per share, compared with the $730 million, or 56 cents per share, that it brought in during the same period a year ago. eBay’s revenue increased 14 percent on the quarter, jumping from $3.4 billion a year ago to $3.88 billion.