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eBay Profit Announcement
| July 25, 2005 - (HOSTSEARCH.COM) - eBay, the world’s biggest online auction company, beat its 2nd quarter projections July 20 posting a net second-quarter income of $291.6 million. The news prompted a spree of after-hours trading pushing eBay share prices to 21 cents, up from 14 cents at the same time last year. eBay president and CEO Meg Whitman said in a statement "eBay achieved remarkable results in Q2. Excellent momentum in the U.S. and Germany, as well as at PayPal, all helped deliver an impressive jump in revenues and profit." The number of eBay users increased 38 percent across the quarter and now stands at 157.3 million. |
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