EBay 4Q profit and revenue fall amid recession (AP)

By
Viraj
on January 22, 2009 10:51 AM | | TrackBacks (0)
NEW YORK - EBay Inc .'s fourth-quarter earnings fell 31 percent, indicating that its Internet auctions and "Buy It Now" offerings are being hurt by the recession just like traditional retail sales.

Excellent software for website polls

The results, combined with a forecast below analysts' expectations, sent eBay shares skidding more than 6 percent in after-hours trading. San Jose, Calif.-based eBay said Wednesday it earned $367 million, or 29 cents per share, in the quarter. That was down from $531 million, or 39 cents per share, in the year-ago quarter.

Full Story: EBay 4Q profit and revenue fall amid recession (AP)

Categories:

0 TrackBacks

Listed below are links to blogs that reference this entry: EBay 4Q profit and revenue fall amid recession (AP).

TrackBack URL for this entry: http://blog.itpatil.com/cgi-bin/mt/mt-tb.cgi/3992

Search

About this Entry

This page contains a single entry by Viraj published on January 22, 2009 10:51 AM.

FBI didn't keep tabs on comedian Carlin's 7 words (AP) was the previous entry in this blog.

"Benjamin Button" leads Oscar nominees - Reuters is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.