Ebay Reports Sharply Higher Profit
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EBay, the world's largest online marketplace, today posted a quarterly profit that rose 77 percent from a year ago, fueled by growth in its international and PayPal businesses.
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Online marketplace eBay moved forward on its acquisition of Korean rival Internet Auction Co. (IAC) after nearly doubling its original offer.
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EBay Inc., the world&#39;s largest online marketplace, on Wednesday posted a quarterly profit that rose 77 percent from a year ago, fueled by strong back-to-school shopping
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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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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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San Jose-based Internet auction site eBay, Inc., says it had net income of $182.3 million or 27 cents per diluted share on revenues of $805.
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Hewlett-Packard Co.  on Tuesday posted a higher quarterly profit, helped by strong performances in its printer and personal computing businesses.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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U.S. technology 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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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 Inc said on Wednesday it had a strong quarterly performance in auctions, masked by a big net loss due to a write-down, and that its full-year earnings would be at the top end of expectations.
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Price cuts ahead eBay made a loss of $938m in the three months ended 30 September 2007, despite increasing turnover by 30 per cent to $1.89bn compared to last year.â¦
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EBay Inc., EBAY.O the world's  largest online marketplace, on Wednesday posted a quarterly  profit that rose 77 percent from a year ago, fueled by growth  in its international and PayPal businesses.
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Revenue from online auctions sends Ebay's profits surging, despite a shrinking number of items up for sale.
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Google Inc. yesterday reported that profit skyrocketed more than sevenfold in the fourth quarter, a jump executives attributed to various factors, including higher prices paid for ads and a larger amount of Internet advertising from the 1,000 biggest U.S. companies.
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Online auctioneer eBay Inc. said Wednesday that third-quarter earnings rose 77 percent on strong demand and more active users, but guided below expectations for 2005.
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Fourth-quarter profit more than tripled as more companies listed on the exchange, the company said.