07-19-2007, 08:43 AM
Quote:EBay Inc. is trying to milk more money out of every customera strategy that has resulted in record revenue but makes some analysts nervous about the company's long-term prospects.
The online auction company reported Wednesday that second-quarter profit surged 50 percent, easily beating Wall Street expectations thanks to strong sales on online auctions, the automobile classified section and e-commerce sites such as shopping.com.
But the number of items for sale on the site declined for the third consecutive quarter. Individual listings dropped 2 percent from a year ago, and eBay store listings plunged 25 percent from a year ago.
EBay shares fell 53 cents in extended trading after the results were released...
full article: http://www.mercurynews.com/breakingnews/ci_6410533
Quote:Sales from eBay's core auctions business rose 26 percent in the quarter to $1.29 billion, with eBay's users posting a total of 559 million listings in the period. However, total listings globally were down 6 percent from the year-earlier period.
These listings generated Gross Merchandise Volume (GMV) of $14.46 billion in the period, or a 12 percent year-over-year increase. Ebay's GMV growth in the U.S. and Germany has been slowing over the past few years...
Quote:Whitman told analysts that eBay would redesign its home page in time for the fourth-quarter holiday shopping season.
"We will also enhance support for buyers and sellers and revamp our community section with a social networking component," Whitman said...
full article: http://money.cnn.com/2007/07/18/news/com...2007071817