PayPal boosts eBay Q2 results

[JohnLocke]

Online auction giant eBay has posted a 26% rise in net income for the second quarter on the back of impressive growth at its PayPal unit.


The group saw net income of $412 million, or 31 cents per diluted share, up from $327 million in Q2 2009. Net revenue was $2.22 billion, up six per cent from $2.10 billion the previous year.


The firm beat street expectations, largely thanks to the continued rise of PayPal, which saw revenue up 22% to $817 million for the quarter.


PayPal added a million new accounts each month during the quarter and its merchant services business has grown by over 40% year over year for three consecutive quarters.


John Donahoe, president and CEO, eBay, says: "PayPal is strong and getting stronger, building a robust and innovative global footprint serving all of ecommerce."


The PayPal success has helped to compensate for "slower than expected" growth for eBay's US business, which is undergoing a "turnaround" plan.


For the full year, eBay expects PayPal to continue its strong performance, resulting in a positive impact to net revenues of around $100 million and $0.06 to $0.08 per diluted share.


source: Finextra: PayPal boosts eBay Q2 results

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[Safa]

Not bad at all, I love PayPal it makes me feel good to see they are doing well while it will secure streamlined payouts.

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Anybody running beats anybody walking, and anybody walking beats anybody sitting.

 

[drillbill]

PayPal is my first choice in payment processing, have been working with them for years never had any issues they deserve to make money to stay in the marked.

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Hey, I don't make the news. I only report it! 😎

 

I have a substantial client interested in buying a small bank in a respectable offshore jurisdiction.

 

Toly said:I have a substantial client interested in buying a small bank in a respectable offshore jurisdiction.Click to expand...
Please do a complete research before you decide to partake into any financial transaction, include face to face observation and communication, because I cannot say for sure if this is on the ups. Today it is kind of hard to prove the legality of some things found online. Cheers!

https://www.healyconsultants.com/banks-sale/

 

Toly said:I have a substantial client interested in buying a small bank in a respectable offshore jurisdiction.Click to expand...
Why did they come to you? Do you think you will find a bank seller on this forum?  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

Thanks for your comments, Andrew.
@Martin Everson. They came to me because I have been in this business since 1991. Is this inappropriate place to ask such a question?

 

Toly said:Is this inappropriate place to ask such a question?Click to expand...
Yes.  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

Martin Everson said:Yes.Click to expand...well, not basically inappropriate... but simply funny

 

ffbkdavid said:well, not basically inappropriate... but simply funny Click to expand...
Sorry but the OP is a "Joker broker". You know the type of broker that says "I have a client wanting to buy 10m barrels of Crude/Mazut/D2/JP1 at spot price with letter of credit from HSBC" .

Better still this video explains clearly what a joker broker is. Spot the signs early . Trust me this is how the conversation will go as it always does .

  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

Martin Everson said:Sorry but the OP is a "Joker broker". You know the type of broker that says "I have a client wanting to buy 10m barrels of Crude/Mazut/D2/JP1 at spot price with letter of credit from HSBC" .

Better still this video explains clearly what a joker broker is. Spot the signs early . Trust me this is how the conversation will go as it always does .

Click to expand...I don't answer this kind of post for this reason but @Martin Everson, I like to see people like you..
" I m in this business since 20 years, but came to have a look if someone sells bank"

 

Of course, nobody's going to buy a bank remotely.
And I am glad you've had some fun.

 

You can buy Loyal Bank

 

I know a friend of a friends friend whose retired gardener has a brother in law whose sister has a second cousin with an uncle related to CEO of an offshore bank that's for sale. 800 bucks and I will give you that sales lead today .  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

Op is a joke, sorry!  Toggle signatureNOTE ADD BY ADMIN!!

This account has turned into a ROBOT account because it has lots of useful threads and posts. It is a locked account with no access by any human, means you won't get any answers.

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