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The online company eBay Inc has come out with a strong earnings in the second quarter as the company witnessed increased number of money transfer through its PayPal payment service.
The company has earned about $412 million for the period April-June while it was $327 million in the same period last year. The overall revenues were up by 6 percent to reach $2.2 billion as against $2.1 billion during the same period previous year.
The company’s PayPal unit boosted the overall growth of the company as the unit fetched about $817 million up by 22 percent.
Even the ‘short term credit service’ has pushed the company’s growth. The shares of eBay were up by 3.4 percent to reach $20.85, sources said.
eBay.com is an online website and auction company through which people buy variety of goods and services. The 15-year old eBay, has a large number of customers across the globe. The wholly owned subsidiary of eBay, PayPal is an online firm which allows payments and money transfers via internet.
