07-17-2008, 10:04 AM
eBay reports Q2 2008 earnings up 22%, Wall Street not impressed, stock falls 7% in after hours trading
full article: http://www.auctionbytes.com/cab/abn/y08/m07/i17/s01
full article: http://news.cnet.com/8301-1023_3-9992760...g=nefd.top
Auctionbytes Wrote:eBay reported financial results for its second quarter ended June 30, 2008, posting second quarter revenue of $2.20 billion, up $361 million from the same period last year. Net income on a GAAP basis was $460 million. Gross Merchandise Volume for the Marketplaces business was $15.68 billion for the quarter, an increase of 8% over the second quarter of 2007.
The Marketplaces business unit, which consists of eBay, Shopping.com, StubHub, Kijiji and other ecommerce sites, generated $1.46 billion in revenue, equating to 13% year-over-year growth. The business unit saw strong growth in advertising, StubHub and classifieds. The company's global classifieds businesses averaged 81 million unique visitors per month during the quarter, representing an increase of 121% year-over-year. Fixed price listings accounted for 43% of global GMV...
full article: http://www.auctionbytes.com/cab/abn/y08/m07/i17/s01
CNET Wrote:It's not a bad week for eBay.
First the company defended itself successfully against a trademark lawsuit filed by jeweler Tiffany, and now the company has said that profits jumped 22 percent from last year. None of this impressed Wall Street much.
The Web's largest online auctioneer said after the close of trading Wednesday that second-quarter net earnings grew to $460.3 million, or 35 cents a share, up from $375.8 million a year ago. The boost came from an increase in item listings and sales growth at the company's PayPal division...
full article: http://news.cnet.com/8301-1023_3-9992760...g=nefd.top