EBay Profit Rises, Plans Stock Split
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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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Tiffany & Company reported a 23 percent increase in earnings yesterday on higher sales and it increased its profit forecast for the year because of expected holiday demand.
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Costco Wholesale Corp.  posted a better-than-expected 10 percent rise in quarterly profit on Thursday, helped by a big jump in membership fees, sending its shares higher in early electronic trading.
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Nasdaq Stock Market Inc , the  second-largest U.S. equities exchange, said on Wednesday that  quarterly profit rose twelvefold, helped by a gain from the  sale of its stake in the London Stock Exchange .
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Stocks rose in a holiday-shortened session on Tuesday, lifted by fresh takeover talk and expectations that Apple Inc.  will make higher-than-expected profit margins on its iPhone.
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E-Trade Financial Corp.'s third-quarter profit rose 29 percent, despite a sharp drop in investor trading at its online brokerage and signs of weakness in its banking business. The company also raised its fourth quarter outlook a bit.
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United Parcel Service Inc.  said on Thursday its quarterly profit rose but missed expectations as shortfalls in its U.S. package business and rising fuel prices offset strength internationally.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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Online auction king eBay (Quote, Chart) reported a better than 50 percent rise in quarterly revenue from last year and profits that jumped by about 77 percent compared to last year, thanks in part to its PayPal unit and growth overseas.
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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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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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Profit for the Internet auction giant rose 24 percent on increased business in its core auction marketplace during the holiday months.
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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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Nasdaq Stock Market Inc. , which runs the largest U.S. electronic stock exchange, said on Thursday that its quarterly profit more than tripled on higher revenues and the strength of new products and customer service initiatives, beating analysts' estimates.
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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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Stocks ended higher in a holiday-shortened session on Tuesday, helped by news that Apple Inc.  could see higher-than-expected profit margins from its iPhone and data showing a rise in factory orders.
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Viacom Inc. VIAb.N on  Thursday said its quarterly profit from continuing operations  rose 12 percent on higher cable network advertising sales and  announced a larger-than-expected stock repurchase, sending its  shares up 3 percent.