Online auction giant eBay reported a slide in net profit for the fourth quarter in a row.
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Online auction giant eBay reported a slide in net profit for the fourth quarter in a row last night and a cautious outlook for the Christmas season. NEW YORK – ONLINE auction giant eBay reported a slide in net profit for the fourth quarter in a row on Wednesday and a cautious outlook for the holiday season. EBay, which also owns online payments company PayPal and Web communications firm Skype, said net profit declined 29 per cent to US$350 million (S$488 million), or 38 cents per share, in the third quarter compared with a year ago. NEW YORK -Online auction giant eBay reported a slide in net profit for the fourth quarter in a row on Wednesday and a cautious outlook for the holiday season. Read more… ONLINE auction giant eBay reported a slide in net profit for the fourth quarter in a row overnight but its earnings still came in slightly better than expected by Wall Street analysts. |
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