20-07-2016 22:40 via uk.news.yahoo.com

EBay revenue rises 5.7 percent

(Reuters) - EBay Inc reported a 5.7 percent increase in quarterly revenue as its efforts to revamp its online marketplace start to pay off. The company's net income rose to $435 million, or 38 cents per share, in the second quarter ended June 30 from $83 million, or 7 cents per share, a year earlier. Revenue rose to $2.23 billion from $2.11 billion. (Reporting by Anya George Tharakan and Arunima Banerjee in Bengaluru; Editing by Anil D'Silva)
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