posted on July 16, 2008 01:56:04 PM
SAN FRANCISCO - EBay Inc. said Wednesday its fiscal second-quarter profit rose as sales grew 20%. San Jose, Calif.-based eBay said net income for the period ended in June rose to $460 million, or 35 cents a share, from $376 million, or 27 cents a share in the same period a year earlier. Meanwhile revenue rose to $2.2 billion. Excluding special items, eBay said earnings for the quarter were 43 cents a share. Analysts on average had estimated eBay would post earnings excluding special items of 42 cents a share, and $2.17 billion in revenue, according to FactSet Research.
posted on July 16, 2008 02:49:23 PM
Did it say going forward growth would be 8% while street expects 11%?
After hours,Ebay stock is trading down $1.95
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Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
[ edited by hwahwa on Jul 16, 2008 02:49 PM ]
posted on July 16, 2008 05:14:29 PM
"eBay's outlook for the current quarter was softer than analysts had been forecasting, and the auction company's shares fell 6.6 percent in after-hours trading. The stock had gained 4.5 percent in regular trading to close at $28.10."
posted on July 17, 2008 07:25:39 AM
EBay Inc's (NasdaqGS:EBAY - News) shares fell more than 13 percent on Thursday after its cautious near-term outlook led to downgrades by several Wall Street analysts.
Hope this doesn't mean another fee hike!
~~~~~~~~~~~~~~~~~~ Caroline
posted on July 17, 2008 07:50:15 AM
May be it will pile on more rules!
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Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
Caroline