Reuters: Global Markets: EBay drops on economic 'headwinds' in Europe, Korea

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EBay drops on economic 'headwinds' in Europe, Korea Jul 17th 2013, 21:17 Tweet Share this Email Print Related Topics Hot Stocks » Asian Markets » John Donahoe, chief executive of eBay, speaks at the Reuters Global Technology Summit in San Francisco, June 17, 2013. Credit: Reuters/Stephen Lam Wed Jul 17, 2013 4:32pm EDT (Reuters) - EBay Inc (EBAY.O) reported solid second-quarter results on Wednesday but Chief Executive John Donahoe warned of "headwinds" in the second half of the year, sending shares of the e-commerce company down more than 5 percent in after-hours action. Second-quarter net income was $822 million, or 63 cents a share, versus $730 million, or 56 cents a share, in the same period a year earlier. Revenue rose 14 percent to $3.88 billion. "Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year," Donahoe said. (Reporting by Alistair Barr; Editing by Phil Berlowitz) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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