Online
retailer eBay reported profits of $676m (£395m) during the period from March to
June, beating analyst expectations.
Shares
in the company were up by more than 1.5% in trading after the US stock market
closed.
Although
revenue grew by 13% to $4.4bn, that was less than hoped.
"We
had a challenging quarter with several distractions," said eBay in its
earnings presentation, a reference to a data breach earlier in the quarter.
In
May, eBay said as many as
145 million customer accounts may have been
compromised.
That
prompted an investigation by US, UK, and European authorities.
eBay
also saw its search rankings slump and its payment chief depart during the
quarter, which led to further tumult.
In a
bright spot during the quarter, however, the company settled a long-running
dispute with activist investor Carl Icahn, who had been calling for a spin-off
of PayPal, eBay's payment-processing arm.
Although
Mr Icahn said he still thought a sale of the business was a good idea, he was
mollified by eBay's decision to act on his recommendation to appoint David
Dorman, a founding partner of investment firm Centerview Capital Technology, as
an independent director on its board.
BBC
Business
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