EBay 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ EBay Inc. (EBAY) on Wednesday reported second-quarter net income of $402 million.On a per-share basis, the San Jose, California-based company said it had net income of 46 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 68 cents per share.The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.The e-commerce company posted revenue of $2.69 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $2.67 billion.For the current quarter ending in October, eBay expects its per-share earnings to range from 62 cents to 65 cents.The company said it expects revenue in the range of $2.61 billion to $2.66 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.68 billion.EBay expects full-year earnings in the range of $2.70 to $2.75 per share, with revenue ranging from $10.75 billion to $10.83 billion.EBay shares have risen 39% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. In the final minutes of trading on Wednesday, shares hit $39.03, a rise of 3% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at https://www.zacks.com/ap/EBAYThe Associated Press read more

The 5 at 5 Tuesday

first_imgEVERY WEEKDAY EVENING TheJournal.ie brings you the five stories you need to know before you head out the door.1. #CROKE PARK: The government is to contact unions in the coming days to see if a deal can be reached on the public sector pay bill after the failure of the Croke Park deal last week. The government said today it still plans to cut €300 million from public pay this year, and has asked the head of the Labour Relations Commission to see if unions are willing to negotiate.2. #SEX ABUSE: Gardaí are investigating allegations by two men who say that they were abused by a prominent Waterford sports coach when they were teenagers in the 1980s. The sports coach, now in his 60s, has had his home searched and some material has been seized by Gardaí.3. #CARD DETAILS: Shops in Dublin are being targeted by scammers trying to get credit and debit card pin numbers from customers. The scam is being run by the same group that ran a similar scam last June, according to the Irish Payment Services Organisation.4. #ASYLUM SEEKERS: Ireland’s system for dealing with asylum seekers needs to be radically overhauled – so say groups campaigning against the Direct Provision system, which has been criticised today for its ‘human, financial and social cost’.5. #CAR CHASE: Five people were arrested in the early hours of this morning following a high-speed car chase in west Dublin which involved the Garda helicopter. The car was eventually stopped using a stinger device to puncture the vehicle’s tyres. Three of the five people involved have been charged.last_img read more