July 17, 2019 / 8:27 PM / a month ago

EBay beats second-quarter revenue estimates

FILE PHOTO: A QR code is seen on goods for sale during the launch of a temporary "pop-up" Christmas shop run by online giant eBay on Dean Street in Soho, central London November 29, 2011. REUTERS/Neil Hall

(Reuters) - EBay Inc beat Wall Street estimates for quarterly revenue on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers.

The e-commerce company reported net revenue of $2.69 billion (£2.16 billion) for the second quarter ended June 30, up from $2.64 billion a year earlier. Analysts expected revenue of $2.68 billion, according to IBES data from Refinitiv.

EBay’s net income from continuing operations fell to $403 million or 46 cents per share from $638 million or 64 cents per share, a year earlier.

(This story corrects paragraph 2 to say second-quarter revenue was up, not down)

Reporting by Akanksha Rana and Arjun Panchadar in Bengaluru; Editing by Bernard Orr

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