San Francisco (dpa) — Fourth-quarter profits at eBay more than tripled to $1.36 billion, driven by a healthy shopping season and “excellent growth” at its Paypal division, the online auctioneer said Wednesday.
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EBay earnings soared in the critical fourth quarter as it succeeded in luring more people to its shopping Web sites during the holiday season. EBay, which is based in San Jose, Calif., EBay reported strong fourth-quarter results on Wednesday, and gave an optimistic outlook for fiscal 2010, which topped analyst expectations. The company said it expects adjusted earnings in the rang… eBay has reported its financial results for the fourth quarter, and with revenue for the quarter at $2.4 billion, up 16% from the same period in 2008. That includes revenue of $112.0 million from Skype for the period that eBay fully owned it. Excluding Skype from the fourth quarter of 2008 and the fourth quarter of 2009, revenue growth would have been 19%. eBay says the year-over-year increase … Online auction site credits PayPal revenue for its impressive fourth-quarter results. |
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