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EBay 2nd-qtr profit falls as drop in marketplaces revenue overshadows PayPal, Skype growth
EBay's second-quarter earnings and revenue fell as a drop in sales in the main online marketplace overshadowed growth in its PayPal payments and Skype communications units.
San Jose-based eBay Inc. said Wednesday that it earned $327.3 million, or 25 cents per share, in the April-June period. This compares with earnings of $460 million, or 35 cents per share, in the year-ago quarter.
EBay attributed the drop in the marketplace business to the recession and a stronger dollar, which diminishes the value of sales in other currencies
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