04-18-2007, 08:40 AM
Quote:EBay Inc., the world's largest online auction company, may say profit increased at the fastest pace in five quarters after it charged more for users to list items for sale.
First-quarter earnings probably rose 32 percent to $327.6 million, or 23 cents a share, from $248.3 million, or 17 cents, a year earlier, according to the average estimate of 16 analysts in a Bloomberg survey. Sales may have gained 24 percent to $1.72 billion.
EBay Chief Executive Officer Meg Whitman more than doubled fees for merchants selling goods at fixed prices to reduce clutter on its site. A higher percentage of listings are resulting in sales as a result, boosting profit, analysts said...
full article: http://www.bloomberg.com/apps/news?pid=20601103&sid=agc_NqlKLWiA&refer=us