- Associated Press - Wednesday, July 21, 2010

SAN FRANCISCO (AP) - EBay says its second-quarter profit climbed 26 percent as more people transferred money through its PayPal payment service and shopped on its main website.

For the April-June quarter, eBay Inc. earned $412 million, or 31 cents per share. This compares with $327 million, or 25 cents per share, in the same quarter a year ago.

When excluding one-time items, eBay earned 40 cents per share. Analysts polled by Thomson Reuters expected 38 cents per share.

Most growth came from eBay’s second-largest business, online payments, which includes PayPal and short-term credit service Bill Me Later. The unit’s revenue rose 22 percent to $817 million.

Revenue from eBay’s marketplaces segment rose 11 percent to $1.4 billion.

Overall, revenue increased 6 percent to $2.2 billion.

Shares of eBay, which is based in San Jose, rose 68 cents, or 3.4 percent, to $20.85 in extended trading after the release of results. Earlier, it fell 62 cents, or 3 percent, to close at $20.17.

Copyright © 2016 The Washington Times, LLC.

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