EBay Third-Quarter Net Surges 77% as Listings Rise
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EBay Inc., the world&#39;s largest Internet auctioneer, said third-quarter earnings surged 77 percent as the number of listings rose and the company expanded its PayPal e-mail payment service in Europe.
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The US economy increased at an annual rate of 3.7 percent in the third quarter of this year, the Commerce Department said in a report released on Friday.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Third-quarter profit jumped 77 percent, driven by growing sales of data storage software and hardware as well as a hefty gain from the sale of an ownership stake in VMware.
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Retail sales over the Internet rose 4.7 percent in the third quarter and gained 21.5 percent compared with the same period last year as consumers continued to turn to e-commerce for shopping, a government report showed Friday.
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Luxury home builder Toll Brothers Inc. reported Wednesday that strong demand pushed third-quarter profits well above Wall Street expectations.
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The broker breaks records with its third-quarter 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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EBay 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.
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Auction site eBay is enjoying continued growth thanks to increased global sales and the success of PayPal.
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Robust demand for cheaper phones lifted third-quarter earnings and the better than expected results sent the companyâs shares sharply higher.
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WASHINGTON -- Interest rates on short-term Treasury bills rose in yesterday's auction to the highest levels in more than three years.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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The household appliance maker said its second-quarter profit rose 77 percent as strong international growth offset weak industry demand and higher material prices.
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Interest rates on short-term Treasury bills rose in yesterday's auction to the highest levels in three months.
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eBay, the online marketplace, is enjoying continued growth thanks to increased international sales and the success of its online payment service, Paypal.
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.