Analyst Boosts Estimates on eBay

The good news keeps rolling in for eBay (EBAY Quote).

More higher-price goods are being exchanged on the online auctioneer's site, a Wall Street analyst said Wednesday in boosting earnings estimates for the second quarter. Another plus, he said, has been faster-than-expected growth overseas.

"Our quarter-to-date statistical analysis suggests that eBay's second-quarter results will once again beat expectations," wrote Mark Rowen of Prudential Securities. Rowen kept his buy rating and $75 price target for the stock, but upped his earnings estimate to 10 cents a share from 8 cents. He also increased his revenue estimate to $170 million from $165 million. (Rowen's firm has had a banking relationship with eBay.) ...