EBay beats second-quarter revenue estimates

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July 17, 2019 4:35 PM EDT

FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach

(This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)

(Reuters) - EBay Inc (NASDAQ: EBAY) beat Wall Street estimates for quarterly revenue on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers.

The e-commerce company reported net revenue of $2.69 billion for the second quarter ended June 30, up from $2.64 billion a year earlier. Analysts expected revenue of $2.68 billion, according to IBES data from Refinitiv.

EBay's net income from continuing operations fell to $403 million or 46 cents per share from $638 million or 64 cents per share, a year earlier.

(Reporting by Akanksha Rana and Arjun Panchadar in Bengaluru; Editing by Bernard Orr)


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