eBay revenue up on strong Marketplaces performance

SAN JOSE, Calif. — Revenue at eBay soared 23% to $3.4 billion during the company's second quarter, thanks to strong performances in its Marketplaces and PayPal businesses. The company reported second quarter net income on a non-GAAP basis of $730 million, or 56 cents per diluted share, up 16% year over year primarily due to strong top-line growth partially offset by increased investment in the shopping experience and the impact of acquisitions. GAAP net income of $692 million, or 53 cents per diluted share, reflected a gain on the divestiture of a business in 2012 and increased significantly year-over-year