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EBay beats second-quarter revenue estimates

Credit: REUTERS/BECK DIEFENBACH

EBay Inc beat Wall Street estimates for quarterly revenue on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers.

July 17 (Reuters) - EBay Inc EBAY.O beat Wall Street estimates for quarterly revenue on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers.

The e-commerce company reported net revenue of $2.69 billion for the secondquarter ended June 30, down from $2.64 billion a year earlier. Analysts expected revenue of $2.68 billion, according to IBES data from Refinitiv.

EBay's net income from continuing operations fell to $403 million or 46 cents per share from $638 million or 64 cents per share, a year earlier.

(Reporting by Akanksha Rana and Arjun Panchadar in Bengaluru; Editing by Bernard Orr)

((Arjun.Panchadar@thomsonreuters.com; within U.S. +1-646-223-8780; outside U.S. +918067492767; Reuters Messaging: Arjun.Panchadar.thomsonreuters.com@reuters.net ; Twitter- @arjunpancho))

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