Online auctioneer eBay Inc. reports its second-quarter results Wednesday. The following is a summary of key developments and analyst commentary related to the period.

OVERVIEW: During its second quarter, San Jose, Calif.-based eBay engaged in two major legal battles with online classifieds giant Craigslist and high-end fashion company LVMH Moet Hennessy Louis Vuitton SA.

In April, EBay - which owns a 28 percent stake in Craigslist - sued the company, alleging Craigslist unfairly tried to dilute the online auctioneer's stake in it. Craigslist countersued eBay in May, alleging eBay has tried to squelch competition by using privileges and information gleaned through its stake in Craigslist to benefit its own classifieds site, Kijiji.

Separately, in June a French court ordered eBay to pay more than $61 million to LVMH due to the sale of counterfeit goods on the site. LVMH had complained it was hurt by the sale of knockoff bags and clothes on eBay.

EBay is appealing the LVMH ruling.

Also in June, eBay said it would postpone plans to make its PayPal system the only way for customers to pay for items on its Australian auction site, after the country's antitrust regulator said the move would reduce competition.

BY THE NUMBERS: In April, eBay predicted second-quarter earnings of 30 cents to 32 cents per share, or between 39 cents and 41 cents per share on an adjusted basis. The company also predicted revenue of $2.1 billion to $2.15 billion.

Analysts polled by Thomson Financial expect adjusted earnings of 41 cents per share on revenue of $2.17 billion.

ANALYST TAKE: In a recent note to investors, Jefferies & Co. analyst Youssef Squali predicted eBay will post "good" results, aided by strong Marketplaces listings growth and ongoing strength in payments and non-gross merchandise value, or GMV, businesses.

GMV refers to the total amount of money that flows from transactions on the company's online trading site. Squali estimated that due to listings growth, eBay's GMV rose 12 percent year over year during the quarter.

The analyst's estimates for eBay are in line with Street expectations.

WHAT'S AHEAD: Squali thinks the company's outlook for the third quarter and full year will be in line with consensus estimates.

"Fiscal year 2008 guidance is likely to remain unchanged, given the uncertain economy and ongoing efforts to revive growth in marketplaces," he said.

STOCK PERFORMANCE: EBay's stock fell 13 percent during the quarter. The company's shares closed at $27.49 on Monday.

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