Experts Predict Growth for eBay's Q2

Experts Predict Growth for eBay’s Q2

PayPal figures strongly in projected revenue of $3.36 billion.

By Olga Munoz · July 17, 2012 · 1 Comment
TAGGED IN: business, ebay

eBay is expected to report higher year-over-year revenue for its second quarter of 2012, when it announces its earnings Wednesday afternoon.

Analysts expect the company to report revenue of $3.36 billion for the quarter, up from $2.8 billion in the same quarter of 2011, and at the high end of the revenue range it projected at the beginning of the quarter. eBay also saw an increase in revenue during this year’s first quarter, when it posted revenue of $3.3 billion.

PayPal is expected to have strong figures this quarter that will boost eBay’s overall numbers. During this year’s first quarter, PayPal saw a revenue increase of 32 percent, bringing in $1.3 billion.

eBay will report its earnings at 2 p.m. PST.

Olga Munoz is editor of TheOnlineSeller.com. In addition to writing news and feature articles about e-commerce, selling trends, online marketing and other topics of interest to online sellers, Olga manages the site's social media efforts. A journalism graduate of Chico State, Olga says her favorite part of being a journalist is learning interesting facts that help put stories into perspective, attending industry events and meeting interesting people "that leave you smiling, even in tough situations." Opinions expressed here may not be shared by The Online Seller and/or its principals.