Ebay revenue rises 5.6 percent

Ebay revenue rises 5.6 percent
 

Ebay Inc (EBAY.O) reported a 5.6 percent rise in quarterly revenue on Wednesday as changes to its platform attracted more buyers.
The company, known best as an auction site, said its revenue rose to $2.22 billion from $2.10 billion.
Net income fell to $413 million, or 36 cents per share, in the third quarter ended Sept. 30, from $539 million, or 45 cents per share, a year earlier.
EBay has been offering a bigger selection of products and more brands and requiring sellers to give more details on products to attract younger shoppers and better compete with Amazon.com Inc (AMZN.O) and... read more

 
19 October 2016 in Business, Views: 40
Source: Reuters
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