EBay Inc. managed to beat Wall Street’s expectations by 1 cent for the second quarter in spite of a global password reset that hampered the commerce platform’s growth.
For the period ended June 30, the San Jose, Calif.-based company said net income rose 5.6 percent to $676 million, or 53 cents a diluted share, from $640 million, or 49 cents, a year ago. Excluding certain costs, earnings were 69 cents a share. Net revenue rose 12.6 percent to $4.37 billion from $3.88 billion. Analysts on average were expecting revenues of $4.39 billion and earnings per share at 68 cents.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"