Li Ning Company Limited reached an agreement with eBay Inc., letting Li Ning eBay overseas online stores start operation formally. The overseas online stores will first start operation in Australia and the UK, and at the same time, products under Li Ning brand will be sold to the world market via the eBay platform.

eBay Inc. expected to report Q3 2010 results on October 20, 2010. This event was calculated by Capital IQ (Created on July 24, 2010).

eBay Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2010. For the quarter, the company's revenue increased 6% to $2.2 billion, or 15% excluding Skype, compared to the same period of 2009 revenue of $2.098 billion. The company recorded second quarter net income on a GAAP basis of $412.2 million, or $0.31 per diluted share, and non-GAAP net income of $530.2 million, or $0.40 per diluted share, representing an 18% increase excluding Skype, compared to net income on a GAAP basis of $327.3 million, or $0.25 per diluted share, and non-GAAP net income of $479 million, or $0.37 per diluted share for the same period of 2009. GAAP operating margin for the second quarter increased to 21.9%, compared to 19.6% for the same period last year. Non-GAAP operating margin increased slightly to 29.1% for the quarter, compared to 28.7% for the same period last year, as productivity gains were offset in part by faster growth in the companys lower margin PayPal business. The company generated $726.4 million of operating cash flow during the quarter compared to $730.718 million for the same quarter last year. Income from operations increased from $411.689 million in the same quarter of last year to $484.565 million. Income before income taxes was $499.386 million against $407.16 million for the same quarter last year. Purchases of property and equipment, net were $207.201 million against $128.454 million for the same quarter last year. CapEx as a percentage of revenue was 9%, which was higher than recent quarters due to the timing of some expenses for new mega data center opened in Utah this -- in the second quarter. For the six months, the company's revenue increased to $4.4 billion compared to the same period of 2009 revenue of $4.12 billion. The company recorded six months net income on a GAAP basis of $809.845 million, or $0.61 per diluted share compared to net income on a GAAP basis of $684.455 million, or $0.53 per diluted share for the same period of 2009. The company generated $1,144.641 million of operating cash flow during the six months of 2010 compared to $1,399.245 million for the same period last year. Income from operations increased from $834.453 million in the same period of last year to $973.174 million. Income before income taxes was $994.041 million against $848.016 million for the same period last year. Purchases of property and equipment, net were $359.457 million against $219.388 million for the same period last year. The company is modestly adjusting full year 2010 guidance from that provided on January 20, 2010 and reaffirmed on April 21, 2010. The company now estimates full year 2010 net revenues in the range of $8.8 billion to $9.0 billion, representing growth of 9% to 11% compared to 2009, excluding Skype. The company also estimates GAAP earnings per diluted share in the range of $1.23 to $1.28 and non-GAAP earnings per diluted share in the range of $1.60 to $1.65, representing growth of 9% to 12% compared to 2009, excluding Skype and lower from that of its prior outlook of $1.63 to $1.68 a share. The company expects CapEx to be up slightly from 9% against last year. For the third quarter ending September 30, 2010, the company estimates net revenues in the range of $2.13 billion to $2.18 billion representing growth of 4% to 6% compared to third quarter 2009, excluding Skype. The company also estimates GAAP earnings per diluted share in the range of $0.26 to $0.28 and non-GAAP earnings per diluted share in the range of $0.35 to $0.37, representing growth of 0% to 6% compared to third quarter 2009, excluding Skype.