EBay Profit Misses Street Forecast
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Online marketplace eBay Inc.  said  on Wednesday quarterly profit rose 44 percent, helped by growth in its PayPal service, but results missed Wall Street expectations.
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Online marketplace eBay Inc.  said  on Wednesday quarterly profit rose 44 percent, helped by growth in its PayPal service, and announced a two-for-one stock split.
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U.S. stocks rose on Thursday as a  strong quarterly earnings report from eBay Inc. EBAY.O, the  world's largest online market place, helped lift the Nasdaq and  Standard & Poor's 500 indexes.
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U.S. stock futures fell throughout the  morning  on Thursday, pointing to a lower market open, as  disappointing earnings from eBay Inc. EBAY.O and a  lower-than-expected profit forecast from Qualcomm Inc. QCOM.O  weighed on Wall Street.
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EBay Inc. plans no near-term rate  increases for online auction sellers, Bill Cobb, president of  its North American business, told the company&#39;s annual sales  conference on Thursday.
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Merchants say sales arm of popular auction site hasn't drawn expected online crowds.
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EBay Inc  announced on  Wednesday the planned departure of long-serving Chief Executive  Meg Whitman as it warned that revenue for the first quarter and  2008 would fall below Wall Street expectations, despite strong  2007 year-end results.
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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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Investors hammer eBay shares after the firm's latest profits fall short of market expectations.
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Electronic Arts Inc  posted a 44 percent rise in quarterly profit excluding special items and gave forecasts below Wall Street estimates, sending shares in the world's top video-game publisher down 6 percents on Thursday.
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Amazon.com Inc  on Wednesday issued quarterly earnings and full-year sales forecasts ahead of Wall Street targets, but profit margins declined in what one analyst called a disappointment.
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EBay (EBAY), the world&#39;s largest online marketplace, Wednesday posted a quarterly profit that rose 77% from a year ago, fueled by growth in its international and PayPal businesses.
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Plus: eBay warns of weaker 2008 results...Motorola profit shrinks, phone forecast dims...Apple posts good Q1, despite slow iPod sales...Microsoft expected to post healthy profits.
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Online marketplace eBay Inc.  EBAY.O said  on Wednesday quarterly profit rose 44 percent,  helped by growth in its PayPal service, and announced a  two-for-one stock split.
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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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U.S. stock futures fell throughout the morning  on Thursday, pointing to a lower market open, as disappointing earnings from eBay Inc.  and a lower-than-expected profit forecast from Qualcomm Inc.  weighed on Wall Street.
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EBay Inc.  on Wednesday posted a 50 percent rise in net profit on strength in its core auction and payments businesses, but left its 2007 outlook unchanged, defying Wall Street's hopes for a boost.