Strong PayPal growth boosts eBay’s 2Q profit

Published July 16, 2014 10:14pm ET



NEW YORK (AP) — EBay said Wednesday that its second-quarter net income rose 6 percent, as strong growth from its PayPal payments business offset lower-than-expected revenue that was hampered by a global password reset after a cyberattack.

Investors had been expecting muted results and shares rose slightly in aftermarket trading, even though the company lowered its sales guidance for the year.

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