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EBay profit rises 26 per cent
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A computer screen shows eBay's websiteMike Blake

Online retailer eBay Inc. says its second-quarter profit climbed 26 per cent as more people transferred money through its PayPal payment service and shopped on its main website.

For the April-June quarter, eBay earned $412-million (U.S.), 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.



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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 per cent to $817-million.

Revenue from eBay's marketplaces segment rose 11 per cent to $1.4-billion.

Overall, revenue increased 6 per cent to $2.2-billion.

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

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