eBay Stays Strong in Quarterly Results

Online auction leader eBay reported quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts’ predictions.

Shares of eBayeBay Inc (EBAY)34.45 -0.75 -2.13% Quote | Chart | News | Profile | Add to Watchlist[EBAY 34.45 -0.75 (-2.13%) ] jumped as much as 6% after the company posted a 52% jump in net profit on a 27% revenue rise, led by growth in its core auctions business and the rising prominence of international sales.

.”I would say it was a very strong quarter across the board,” Chief Executive Meg Whitman said in an interview. “We are actually accelerating our organic growth rate, excluding the impact of foreign exchange and acquisitions.”