eBay Inc (NASDAQ:EBAY) reported its earnings for the three months ended 30 June 2013 after the market closed on Wednesday July 17. The company showed earnings per share of $0.63 for the three months period on revenue totaling $3.87 billion. On today’s market, stock in the company trended upward and finished the day at $57.38 per share.

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In anticipation of this earnings release, analysts were looking for earnings per share of 63 cents per share from eBay Inc (NASDAQ:EBAY). Revenue for the three months were expected to come in at $3.9 billion. In the same three months of 2012, eBay earned 56 cents per share and pulled in revenue of $3.4 billion.

Running with the Bears

eBay Inc (NASDAQ:EBAY) has not managed to really impress with its performance in recent years, despite a string of better than expected earnings reports. The company has added just over 11% to its value since the start of 2013, lagging the broader market by a significant margin. Investors just don’t seem confident in the online market place.

eBay Inc (NASDAQ:EBAY) Inc suffers from many problems, but many of the depressing variables the market factors in don’t mean all that much to the company. eBay is no longer anywhere near the bleeding edge of the tablet. eBay doesn’t have a tablet, eBay doesn’t have an ecosystem, eBay doesn’t have a cloud. eBay Inc (NASDAQ:EBAY) doesn’t seem like Web 2.0, and that worries investors.

eBay has a dated interface and it’s not integrated into social. the company is still making a huge mount of money and it still runs an incredible amount of money through its payment service. Even if eBay isn’t Web 2.0 it’s still a great business.

EBay Inc’s Value

eBay Inc (NASDAQ:EBAY) does not have the most innovative services in the world. It does, however, have some of the most popular. The company’s online market place and online payments work for consumers, and that’s working in its favor. Whether or not the company is able to turn that base into growth is a separate problem, and one the company has faced for most of its public existence.

eBay isn’t Apple Inc. (NASDAQ:AAPL) and it’s never going to be. It’s not Amazon.com, Inc. (NASDAQ:AMZN) either. The company has only doubled in value in the last ten years. That may not sound like much, but it sure beats an investment in Microsoft Corporation (NASDAQ:MSFT).