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July 19, 2012 12:28 am GMT
eBay has just released its second quarter 2012 earnings report, in which the eCommerce giant outpaced expectations for yet another quarter. Revenue increased 23% to $3.4 billion, compared to the same period of 2011. Non-GAAP earnings came in at $0.56 per diluted share. Analysts expected earnings of $0.55 per share on revenue of $3.36 billion. Net income came in at $692 million for the quarter.For reference, we can compare this to Q2 2011, when (excluding one-time items) eBay earned 48 cents per share with revenue posted at $2.76 billion -- both of which were, at the time, above estimates. Now, as it was then, eBay continues to operate as one of the largest eCommerce companies in the world, so many look to the health of its principal businesses as an indicator of how eCommerce is faring overall. And although the economic pains over the last few years have wreaked havoc on traditional retailers and brick and mortars, eBay and online commerce seem to be weathering the storm.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ay0sDVG2-N0/
Ebay Beats Forecasts On Strong Growth From Marketplaces, Q2 Revenue Up 23 Percent To $3.4B
eBay has just released its second quarter 2012 earnings report, in which the eCommerce giant outpaced expectations for yet another quarter. Revenue increased 23% to $3.4 billion, compared to the same period of 2011. Non-GAAP earnings came in at $0.56 per diluted share. Analysts expected earnings of $0.55 per share on revenue of $3.36 billion. Net income came in at $692 million for the quarter.For reference, we can compare this to Q2 2011, when (excluding one-time items) eBay earned 48 cents per share with revenue posted at $2.76 billion -- both of which were, at the time, above estimates. Now, as it was then, eBay continues to operate as one of the largest eCommerce companies in the world, so many look to the health of its principal businesses as an indicator of how eCommerce is faring overall. And although the economic pains over the last few years have wreaked havoc on traditional retailers and brick and mortars, eBay and online commerce seem to be weathering the storm.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ay0sDVG2-N0/
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