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Economic Issues Thread About, EBay 4Q revenue rises, helped by holiday shoppers |
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01-20-2011, 01:13 PM
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EBay 4Q revenue rises, helped by holiday shoppers
EBay 4Q revenue rises, helped by holiday shoppers
RACHEL METZ - The Associated Press  04:13:30PM (ET) Thursday,January 20,2011. SAN FRANCISCO (AP) — EBay Inc. said Wednesday that its fourth-quarter revenue rose 5 percent, as the healthy holiday shopping season bolstered growth in its online marketplace and PayPal online payments business. The company's profit fell, since the year-ago quarter included a large gain from the sale of Internet communications business Skype. Excluding special items such as the Skype gain, eBay's fourth-quarter profit shot up 24 percent. For the quarter that ended Dec. 31, the San Jose-based company earned $559.2 million, or 42 cents per share, compared with $1.35 billion, or $1.02 per share, in the year-ago quarter. However, excluding one-time items, such as Skype, eBay earned 52 cents per share in the latest quarter, compared with 42 cents per share in 2009. Analysts polled by FactSet expected an adjusted profit of 47 cents per share. ----------------------------------------------------------------------- * Self explanatory...no further commenting. *
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