EBay, which spent much of the second quarter dealing with the effects of a cyber attack, said it had a “challenging” few months. But it gave Wall Street the numbers it was looking for: The commerce giant reported earnings of 69 cents and revenue of $4.4 billion, right in line with consensus estimates. “PayPal generated another strong quarter while eBay’s growth was hampered by its global password reset for all users,” CEO John Donahoe said in a statement.
eBay Says It Had a “Challenging” Quarter, Hits Wall Street Numbers Anyway
Peter Kafka covered media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.
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