EBay Inc reported solid second-quarter results on Wednesday but Chief Executive John Donahoe warned of "headwinds" in the second half of the year, sending shares of the e-commerce company down more than 6 percent in after-hours action.
Second-quarter net income was $822 million, or 63 cents a share, versus $730 million, or 56 cents a share, in the same period a year earlier. Revenue rose 14 percent to $3.88 billion. EBay was expected to earn 63 cents a share on revenue of $3.89 billion, according to Thomson Reuters I/B/E/S.
"Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year," Donahoe said. "But our core businesses are strong."