The net profit of the world's largest online store eBay fell in the first half of the year by 12,3% compared with the same period last year and amounted to 920 million dollars. At the same time, the diluted earnings per share increased by 1 cent to 1 dollar 4 cents. eBay's revenue grew 2,1 percent to $5,330 million. In Q2 net profit fell by 37,4% while revenue increased by 1,8%. eBay CEO Devin Wenig noted that during the reporting period, the company focused on improving the quality of service and expanding its active customer base.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...