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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EBay Inc., the world'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 and growth in its international and  PayPal businesses.
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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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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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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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eBay&#39;s profit surged more than 76 percent on brisk sales of back-to-school computers, but executives cautioned that the online auction company&#39;s gangbuster growth is subject to seasonal variations and could waver next year.
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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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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 retailer Amazon.com Inc  AMZN.O on Thursday posted a higher quarterly profit, fueled  by strong international sales and its free shipping offer.
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EMC Corp.'s fourth-quarter profit jumped 35 percent, beating Wall Street expectations, as the seller of data storage hardware and software posted double-digit percentage gains across all its major business segments.
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Shares of eBay Inc. posted their biggest one-day drop since November 2000 on Thursday after its quarterly profit missed Wall Street expectations for the first time and raised "red flags" about growth prospects at the online marketplace.
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Profit soared on increased sales volume, a lower tax rate and cost savings.
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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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Fourth-quarter profit surged at Alcan Inc.   on higher aluminum prices, the company said on Wednesday.
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Online auction powerhouse eBay announced this morning steep fee cuts and several other strategies, as incentives to its customers to help it stay on top.
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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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Electronic Data Systems Corp. reported a  higher quarterly profit on Wednesday, boosted by a surge in new  orders for its technology services.