eBay earnings: Profit surges 50%, beating estimates
For the quarter ended June 30, eBay reported earnings of $375.8 million, or 27 cents per share, compared to earnings of $250 million, or 17 cents a share, in the same period a year ago. Excluding charges, the company posted earnings of $471 million, or 34 cents a share, beating the 32 cents per share expected by analysts.
Revenue for the quarter was $1.83 billion, up 30% from $1.4 billion for the same period last year, again beating analyst estimates polled by Thomson Financials of $1.78 billion.
Marketplaces net revenues totaled a record $1.29 billion, a growth rate of 26% over the $1.03 billion reported in Q2-06. But, listings were 559 million in Q2-07, 6% lower than the 596 million listings posted in Q2-06. PayPal, on the other hand, had net revenues that totaled a record $454 million in Q2-07, a growth rate of 34% over the $339 million reported in Q2-06. Skype net revenues totaled a record $90 million in Q2-07, a growth rate of 103% over the $44 million reported in Q2-06.
eBay shares are up 1.7% in after-hours trading following the announcement.
I'll be liveblogging the earnings call starting at 5 p.m. EDT.










