EBay earnings top expectations but outlook is mixed
Source:
CNBC
EBay reported quarterly results that topped analysts' expectations, helped by a gain on the sale of its remaining investment in Skype and 28-percent jump in revenue growth at its PayPal unit. However, the online auctioneer's outlook was mixed.
Revenue was USD3.4 billion, an increase from USD2.50b a year ago. Net income jumped to USD1.98 billion from USD559m.
PayPal continued to grow: The online-payment system ended the quarter with 106.3 million active registered accounts, up 13 percent from a year earlier. On average, the company said, PayPal added a million new accounts every month in 2011. Revenue at the unit was up 28 percent.
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