EBay Inc., online auction marketplace has posted net income worth $327 million or 25 cents per share for the quarter ended June 30 as compared with $460 million or 35 cents per share for the same period last year.

Company's net profit plunged by 29 percent and revenue took a dive of 4 percent, still the results are better than the Wall Street expectations of 9 percent fall in revenue.

In the after-hours trading, EBay's shares jumped to $20.37, up 4.7 percent.

Revenue pocketed by the company came down from $2.2 billion during the same quarter in 2008 to $2.1 billion.

Company's operating margins plunged to 19.6 percent, down from 24.8 percent in the same period in 2008.

However, EBay witnessed its PayPal, online financial transaction service rising.

Internet telephone service Skype also reported strong growth in the quarter.

John Donahoe, Chief Executive of Ebay said, "We drove solid second quarter results, with strong momentum and market-share gains at PayPal and continued stabilization in our core eBay business."

For the third quarter, EBay foresees revenue ranging from $2.05 billion to $2.15 billion.