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

Montpellier Handball are new EHF CL winners

Exactly 15 years since their first triumph at VELUX EHF Champions League and the only for French team ever, Montpellier Handball won again the most important trophy in world of handball! Suprisingly, because the team led by legendary Patrice Canayer (since 1994), began season from “lower part” of EHF Champions League – groups C and D.Montpellier Handball beat HBC Nantes 32:26 (16:13) with furious finish in which Simonet (6), Shebib (5) and Kavticnik crushed rivals with 8:2 series in the last 10 minutes based on agressive defense.Since Eduardo Gurbindo goal for 24:24 in 50th minute, HBC Nantes stayed without response in attack for powerful defense of Canayer’s boys. All the chances of Thierry Anti’s team dissapeared. Experienced French coach, who made tremendeous success with this team, lost his fourth final clash in European Cups.Montpellier Handball fans are in heaven… PHOTO: Jozo Cabraja EHF Champions League finalMontpellier handball ← Previous Story Sander Sagosen (PSG Handball) “We had bigger plans for this weekend Next Story → Jonas Truchanovicius: Dreams come true! We are the champions! read more