EBay Reports Profit, Handily Beats Street

NEWYou can now listen to Fox News articles!

Internet auction site eBay Inc. Thursday reported a second-quarter profit, saying its online trading site remained popular with consumers and businesses during the economic downturn.

EBay said it earned $24.6 million, or 9 cents per diluted share, in the quarter. On a pro forma basis, excluding unusual costs, eBay said it earned $33.5 million, or 12 cents per diluted share, in the quarter, up 235 percent from year-ago pro forma income.

Analysts were expected earnings of 9 cents per share, according to research firm Thomson Financial/First Call.

"We're seeing sustained growth across categories, trading formats, and in our international operations," eBay Chief Executive Meg Whitman said in a statement.

EBay said its revenues rose to $180.9 million from $98.2 million in the year-ago quarter. Revenues were well above most analyst forecasts for second-quarter sales of abut $165 million.