Related News
Ebay says recession hurt sales, earnings
THE recession continued to hurt eBay Inc in the second quarter, as earnings and revenue fell amid a sales decline in the main online marketplace, overshadowing growth in its payments and Skype communications units.
The pioneer of online auctions, which is now trying to revitalize its Website, managed to beat Wall Street's expectations, though, and predicted third-quarter earnings and revenue largely in line with analysts' views.
EBay said it earned US$327.3 million, or 25 US cents per share, in the April-June period, a 29 percent decrease from US$460.3 million, or 35 US cents per share, a year earlier. This is the third consecutive quarter in which eBay's profit has decreased.
The company earned 37 US cents per share after excluding one-time items, beating by a penny the predictions made by analysts polled by Thomson Reuters.
Revenue fell 5 percent to US$2.1 billion, slightly ahead of analysts' estimates of US$1.99 billion.
Revenue from eBay's marketplaces unit, which includes eBay, Shopping.com and other e-commerce Websites, sank 14 percent to US$1.26 billion - a decline the company attributed to the weak economy and strength in the US dollar. When the US dollar is stronger, transactions in other currencies translate into fewer dollars.
The company's payments unit, which includes online payment service PayPal and short-term credit service Bill Me Later, saw revenue climb a solid, but not spectacular, 11 percent to US$669.3 million.
The pioneer of online auctions, which is now trying to revitalize its Website, managed to beat Wall Street's expectations, though, and predicted third-quarter earnings and revenue largely in line with analysts' views.
EBay said it earned US$327.3 million, or 25 US cents per share, in the April-June period, a 29 percent decrease from US$460.3 million, or 35 US cents per share, a year earlier. This is the third consecutive quarter in which eBay's profit has decreased.
The company earned 37 US cents per share after excluding one-time items, beating by a penny the predictions made by analysts polled by Thomson Reuters.
Revenue fell 5 percent to US$2.1 billion, slightly ahead of analysts' estimates of US$1.99 billion.
Revenue from eBay's marketplaces unit, which includes eBay, Shopping.com and other e-commerce Websites, sank 14 percent to US$1.26 billion - a decline the company attributed to the weak economy and strength in the US dollar. When the US dollar is stronger, transactions in other currencies translate into fewer dollars.
The company's payments unit, which includes online payment service PayPal and short-term credit service Bill Me Later, saw revenue climb a solid, but not spectacular, 11 percent to US$669.3 million.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.