EBay quarterly earnings increase 22: related news

EBay (EBAY) NewsBite - EBay Price Target Slashed

EBay Inc. (EBAY) opened at 27.09. So far today, the stock has hit a low of 25.95 and a high of 27.43. EBAY is now trading at 27.22, down 0.27 (-1.00%). The stock hit its 52 week high of 40.73 in October and set its 52 week low of 25.10 in March. EBAY has been dropping for most of the past year. A RBC Capital Markets analyst cut his price target on the stock today to $35 from $40, and said the effect of deals with large online retailers the company's revenue may be more muted due to less-favorable terms. The company had signed a deal with Buy.com allowing it to sell books, electronics and other items on eBay's Website without paying the full complement of fees. Technical indicators for the stock are bearish but slightly improving while S&P gives EBAY a very positive 5 STARS (out of 5) strong buy rating.

EBay quarterly profit rises, but shares fall on outlook

Online auction house eBay Inc. said yesterday that its second-quarter profit jumped 22 per cent, as the company enjoyed strong growth in its e-commerce sites and its PayPal payments service. But eBay's outlook for the current quarter was softer than analysts had been forecasting, and the company's shares fell in after-hours trading after closing up $1.21 at $28.10. EBay earned $460-million, or 35 cents a share, compared with $376-million, or 27 cents, in the year-ago quarter. Excluding certain items, eBay earned 43 cents a share. That beat Wall Street's forecast for 41 cents a share. EBay's revenue rose 20 per cent to $2.2-billion. Analysts polled by Thomson Financial had been looking for $2.17-billion. EBay expects third-quarter earnings of 30 cents to 32 cents a share, or 39 cents to 41 cents a share on an adjusted basis, and $2.

eBay Success Story, Entrepreneur and Author of 'The Guru's Guide to eBay,' Expert Greg Kusch, to Host Seminar in Santa Monica, California August 23, 2008

SANTA MONICA, Calif., Aug. 5 /PRNewswire/ -- Santa Monica, California native Greg Kusch, the author of a new book "The Guru's Guide to eBay" (http://www.wewillsellanything.com), reveals his personal eBay secrets to success and insider's knowledge in Santa Monica, California on August 23, 2008. Kusch is accredited through eBay University, one of only 28 people in the world who is certified and trained by eBay. During the course of these seminars, attendees will learn from the master "The Basics of Selling on eBay" and "Beyond the Basics (How to Open a Business on eBay)" as well. These courses give new or inexperienced eBay users the tools they need to become successful eBay sellers and entrepreneurs.

EBay quarterly earnings increase 22%

(MENAFN) A statement released by EBay Inc. said that its second-quarter profit jumped 22 percent, as the online auction company enjoyed strong growth in its e-commerce sites and its PayPal payments service, AP reported.

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research VICTORIA, Aug. 18 /PRNewswire/ - Terapeak, an eBay Certified Provider, today announced that Marketplace Research by Terapeak is being offered as an alternative for eBay Marketplace Research, which eBay plans to retire as of September 15th, 2008. Available to all existing eBay Marketplace Research subscribers, and to all eBay users going forward, the tool will be accessible from the eBay website, and Terapeak will provide dedicated customer support. Fred Speckeen, CEO of Terapeak/AERS, says, "The transfer of research responsibilities to Terapeak reflects our longstanding business relationship with eBay, and our company's commitment to providing the best market research product possible.

eBay Q2 profit up 22% on global strength, Sets Q3 target, Boosts FY08 Target - Update

(RTTNews) - Online auctioneer eBay Inc. (EBAY) announced Wednesday after the bell a 22.3% increase in its profit for the second quarter fuelled by 20.2% top line growth helped mainly by Marketplaces net transaction revenues, the expansion at PayPal, Skype and its global classifieds unit. The adjusted earnings too recorded 20.1% increase and came in above Street analysts' expectations. Revenues from the U.S. accounted for 46% versus 49% last year, while international revenues represented 54% of total revenues compared to 51% in the previous year quarter.

G&K Services Announces Significant Increase in Quarterly Dividend and iCollector.com Technologies Update

City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/25/2008 - Business Services industry news provided by Financial News USA (OTC: FNWU). G&K Services, Inc. (NASDAQ: GKSR), a market leader in branded identity apparel programs and facility services, announced recently that its Board of Directors has declared a quarterly dividend of $0.07 per share, an increase of forty percent from its previous quarterly dividend of $0.05 per share. “We’re pleased significantly increase the quarterly dividend for the third consecutive year,” said Jeffrey Wright, senior vice president and chief financial officer. “Increasing the quarterly dividend, demonstrates confidence in our strategic plan, our ability to generate strong free cash flow and our commitment to increasing shareholder returns.

Belgian Tribunal Dismisses L'Oreal Claims in eBay Lawsuit

eBay said the Belgian Tribunal de Commerce has dismissed all claims by L'Oreal brought against eBay regarding the sale of counterfeit items. eBay issued a statement published on the eBay corporate blog "This is the second successful court ruling in a row for eBay, both supporting our view that controlling prices and distribution reduces consumer choice. The litigation of counterfeits against eBay has been exposed as merely a stalking horse. eBay provides a vibrant and trusted marketplace that gives European consumers a good deal. We work to tackle the menace of counterfeit through action and co-operation with rights owners."

EBay Abandons Plans For PayPal Monopoly

An anonymous reader writes "eBay's has lost its fight to ban all payment methods except PayPal. When Paypal originally announced the scheme it was to be global, but they began with a dry run in Australia to test the reaction of government and consumer authorities. In the public slanging match that followed between eBay and the regulatory ACCC, eBay spammed users claiming it was fighting for 'safety benefits for consumers.' Fortunately the consumers won. Conceded eBay vice president Simon Smith, 'While we disagree with the ACCC's draft notice, we have decided to withdraw the notification to stop any further confusion and disruption among the eBay community.' Nevertheless eBay insists PayPal is now always offered as a payment option. Have big corporations finally learned that they can go too far? More chillingly, if eBay had launched the sc

eBay Releases Earnings on Wednesday, Google, Yahoo to Follow

eBay will release second-quarter 2008 earnings on July 16, 2008, and will host an earnings call with investors at 2:00 pm PT. The year has been turbulent for eBay, with a new CEO, the introduction of radical changes to feedback and policies, and boycotts by sellers and buyers. eBay's decision to make special deals with large retailers such as Buy.com led one analyst to predict, "Over the next few quarters, these deals may have the effect of replacing high-rent with low-rent tenants."

eBay Watch: iPhone Apps, Free eBay Alternative

EBay delays mandatory shipping specifications until August, eBay apps for the new iPhone are out now and eBay offers Fixed Price listings promotions. Plus, we take a look at the free eBay alternative selling site, Flippid.com, and also offer hints and tips from eBay sellers.

Earnings roundup: EBay 2Q profit jumps 22 pct, Yum Brands 2Q earnings rise on overseas profits

NEW YORK (AP) — EBay Inc. said Wednesday that its second-quarter profit jumped 22 percent, as the online auction company enjoyed strong growth in its e-commerce sites and its PayPal payments service.

What to Expect From eBay's Earnings

Another (EBAY) quarterly earnings report is on our doorstep. I've already mentioned my financial expectations for Wednesday night (follow the Q2 earnings release here). The only thing I would add is that I expect EBAY will have continued its aggressive buyback program, which will help

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif.-- (BUSINESS WIRE) -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif., BUSINESS WIRE -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif., BUSINESS WIRE -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Sellers Appeal to Australia Reserve Bank over PayPal Requirement

Anthony Green, an eBay seller from Australia, sent a letter to the Reserve Bank of Australia (RBA) requesting it take action with regards to eBay's policy requiring users to offer PayPal on all transactions. Sellers are still fuming over eBay's attempt to make PayPal the exclusive payment service on eBay Australia (referred to as "Stage 2"), which eBay backed away from after a regulatory agency indicated it would not support such a move. However, eBay Australia left its "Stage 1" policy in place, requiring sellers offer PayPal on all transactions.

EBay Shares Drop To Two Year Low

July 18, 2008 (FinancialWire) Shares of eBay (NASDAQ: EBAY) (Current Market Cap: US$31.85 Bil.) fell to their lowest point in nearly two years after the online auction company's second-quarter profit growth was eclipsed by a soft outlook. EBay shares fell $3.90, or 13.9%, to $24.20 Thursday, after earlier trading as low as $23.52, its lowest point since August 2006.The company said late Wednesday that its second-quarter earnings climbed 22%, helped by growth in the company's e-commerce sites and its PayPal payments service. But the company's third-quarter guidance disappointed analysts, who had expected earnings of 2 cents per share more on average. FinancialWire is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, Inc.

eBay Picks Buyers Over Small-Time Sellers

Every time we've mentioned eBay lately, we've received a long list of complaints in the comments about how awful eBay is. It's become quite clear that there's plenty of dissatisfaction with the company -- and a big part of the problem seems to be figuring out who eBay is really representing: buyers or sellers. In theory, as an impartial marketplace, eBay should be able to serve both sides. After all, you need both sides to be happy to make the marketplace truly effective. However, with growing concerns of fraud on eBay, it seems that the company has recognized that it's more important to focus on improving the experience for buyers -- and less so for sellers, especially the smaller sellers. Witness eBay's recent change to ban sellers from offering feedback on buyers.

eBay Inc. Applauds Court's Rejection of Tiffany Counterfeit Claims

SAN JOSE, Calif., BUSINESS WIRE -- eBay Inc. (Nasdaq:EBAY)(www.ebay.com) today praised a federal judge's ruling in the Tiffany vs. eBay trademark case, affirming the company's leading efforts to fight counterfeits and to support consumer choice to buy and sell authentic merchandise online. The U.S. District Court for the Southern District of New York also declared that eBay takes appropriate steps to remove suspected counterfeit listings as part of the company's additional efforts to provide a safe and trusted marketplace. Furthermore, the court also found that Tiffany was responsible for policing its own trademark on eBay.

You can promote Your Ebay Store! How?

To really maximise your eBay ebook sales you need to be promoting your eBay store. eBay stores get less exposure than normal eBay listings and therefore will not yield great sales for you unless you promote them. There are many ways both on and off eBay that you can promote your eBay store. This article outlines some of them:

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research

VICTORIA, Aug. 18 /CNW/ - Terapeak, an eBay Certified Provider, today announced that Marketplace Research by Terapeak is being offered as an alternative for eBay Marketplace Research, which eBay plans to retire as of September 15th, 2008. Available to all existing eBay Marketplace Research subscribers, and to all eBay users going forward, the tool will be accessible from the eBay website, and Terapeak will provide dedicated customer support.

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research

VICTORIA, Aug 18, 2008 /PRNewswire via COMTEX/ -- Terapeak, an eBay Certified Provider, today announced that Marketplace Research by Terapeak is being offered as an alternative for eBay Marketplace Research, which eBay plans to retire as of September 15th, 2008. Available to all existing eBay Marketplace Research subscribers, and to all eBay users going forward, the tool will be accessible from the eBay website, and Terapeak will provide dedicated customer support.

Amazon Takes On eBay€™s PayPal With New Service

The status of PayPal as the web’s reigning leader of payment and money transfer services via the Internet is simply unarguable. PayPal, as an e-commerce business, charges a fee for payment processing of online vendors, auction sites, and other corporate users. The company which was bought by eBay (EBAY) for $1.5 billion in October 2002, proved to be a smart business move. After phasing out its own competing service, ‘eBay Payments by Billpoint’, eBay not only gained control of the popular electronic payment service favored by many of its customers, but also acquired a great asset, which currently generates more than 23% of eBay’s total quarterly revenues.

Merchandise sold on eBay grows 8% in Q2, slowing from double-digit increase

Online auction powerhouse eBay Inc. reported fiscal second quarter revenue of $2.2 billion, up 20% from the same quarter last year, and a 22% increase in net income to $460 million. But the dollar value of merchandise sold on eBay in the quarter increased only 8% to $15.68 billion after a string of quarters in which gross merchandise volume increased by at least 12%.

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