EBay Reports 50% Rise in Income
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The online auctioneerâs quarterly earnings beat Wall Street estimates by 2 cents a share, as sales were up 30 percent from a year earlier.
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Online retail giant eBay Inc. plans to increase its stake in Internet Auction, South Korea&#39;s top online auctioneer, to 85.61 percent, the Korean firm said Wednesday.
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Internet auction firm eBay (nasdaq: EBAY - news - people ) reported third-quarter earnings a penny above Wall Street estimates. The company said third-quarter earnings came in at 28 cents per diluted share
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The company reported net income of $509 million in its first fiscal quarter, compared with $440 million in income for the same quarter a year ago.
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EBay&#39;s third-quarter net income nearly doubled and revenue climbed 52 per cent, as the company&#39;s international auction business and a strong back-to-school season counteracted seasonally slow summer months.
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EBay Inc.  on Wednesday posted a 50 percent rise in net profit on strength in its auction and PayPal units but left its 2007 outlook little changed, resisting investors who clamored for more.
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First Choice Holidays, which is in talks to sell its package holiday business, reports a rise in full-year earnings.
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Online auctioneer eBay Inc. said Wednesday that its profit jumped 44 percent in the fourth quarter as the company saw a record level of auction listings and a sharp rise in buyers and sellers.
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Latest figures from Principality Building Society show that net savings have increased by almost 50% since the base rate rise in August.
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EBay Inc. offered about &#36;530 million to buy the remainder of South Korean affiliate Internet Auction Co. Ltd. as it pushes deeper into Asia, saying key shareholders had accepted a 79 percent increase to an earlier offer.
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EBay Inc., the world's largest  online marketplace, on Wednesday posted a 77 percent increase  in quarterly profit, fueled by strong back-to-school shopping  and growth in its international and PayPal businesses.
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EBay, the online marketplace, yesterday continued its push across the globe with a $530m (Â£296m) offer to take full control of its South Korean affiliate, Internet Auction Co.
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eBay Inc.  offered about &#36;530 million to buy the remainder of South Korean affiliate Internet Auction Co. Ltd. as it pushes deeper into Asia, saying key shareholders had accepted a 79 percent increase to an earlier offer.
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Web auction leader eBay Inc.   on Wednesday reported a 14 percent drop in  second-quarter profit that met expectations, but its stock rose  6 percent as it announced its first-ever share buyback.
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EBay Inc.  on Wednesday posted a 50 percent rise in net profit on strength in its auction and PayPal units but left its 2007 outlook little changed, even though investors had hoped for more.
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Bookmaker William Hill reports a rise in half year profits helped by  increased trading hours and the Euro 2004 football championships.
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US personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.