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Online retailer eBay reports rise in profits

  • Beating analyst expectations, online retailer eBay has reported $676m in profits during the March-June period.

    The firm’s shares were up by over 1.5% in trading after the American stock market closed.

    “We had a challenging quarter with several distractions,” eBay said in a statement.

    In May, eBay had said accounts of around 145 million of its customers could have been compromised, resulting in an investigation in the United States and Europe.

     


    Tagged as: eBay, online retailer, profit, quarter, US, Europe, business news