01-22-2009, 08:31 AM
Quote:In the fourth quarter, for the first time in its history, eBay saw a decline in year-over-year revenue.full article: http://www.theregister.co.uk/2009/01/22/..._earnings/
"We're not happy about that," CEO John Donahoe told analysts and reporters during the requisite conference call announcing the company's Q4 results.
For the quarter ending December 31, eBay pulled in sales of $2.04bn, a 6.6 per cent drop from the same quarter last year. Meanwhile, profit tumbled 31 per cent to $367.2 million, or 29 cents a share...
PayPal's off-eBay revenues exceded its revenues from eBay for the first time ever.
eBay also warned that it expects Q1 net income of $0.32-$0.34 - analysts were expecting $0.40.