EBay shares drop as CEO warns on overseas 'headwinds'
July 17 (Reuters) - 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 5 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.
"Macroeconomic headwinds in Europe and Korea will continue to be a challenge in the second half of the year," Donahoe said.