EBay reports profit growth but slower gains in sales: related news

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 reports profit growth, but slower gains in sales

The rise in revenue was fueled primarily by growth in advertising, global classifieds and the payment service PayPal.

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 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.

Competing With Keywords Increases Your Ebay Sales!

Ebay is the largest and most popular online marketplace on earth! And with this, it is only obvious that ebay is highly competitive, for both the Ebay buyers as well as for Ebay sellers. With millions of entries in the eBay store, it is necessary to use appropriate keywords to manage the store. A keyword is nothing but a significant word in the title or description of an item. Therefore, keywords used in the listing needs to be directly relevant to the items being sold. The right keywords will result in your item being pulled up more often by ebay search, the wrong keyword would result in your item being virtually invisible!

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

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 Fined $61M By French Court For Sales of Fake Goods

A court in France ordered eBay to pay more than 61 mega-dollars to the parent company (LVMH) of Givenchy, Fendi, Marc Jacobs and Louis Vuitton, because a user sold fake goods on the website. eBay has been sued by other 'luxury goods' vendors (such as Tiffany's (US), Rolex (Germany) and L'Oreal (EU)). Problems stem from some companies demanding that their merchandise (even legal merchandise) not be displayed nor sold as it is a violation of their 'property.' Others have complained that eBay is too slow to take down claims. Apparently eBay was hit with two violations: 1) eBay illegally allowed legitimately purchased and owned products made by LVMH to be resold on its website by 3rd parties not under the control of LVMH, and 2) not doing enough to protect LVMH's brands from illegal sales.

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.

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."

Amazon vs. EBay: Looking Beyond E-Commerce

There's a very interesting article via MSN Money about how Amazon (AMZN) is beating up EBay (EBAY). I abandoned eBay (EBAY) as an investment many years ago as it's now a "value play" instead of growth, but have always said I'd love to get a piece of the action of PayPal if they ever spun it off in its own entity. It's essentially a Mastercard (MA)/VISA (V) clone. PayPal is now up to 1 of every 4 dollars of revenue for Ebay, and why they don't create value by doing a PayPal IPO is beyond me.

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.

EBay expected to post growth despite economy

SAN FRANCISCO (MarketWatch) -- EBay Inc. is expected to post solid profit and sales growth when it reports fiscal second-quarter results after the market's close Wednesday.

EBay expected to post growth despite economy

SAN FRANCISCO (Menafn - MarketWatch) -- EBay Inc. is expected to post solid profit and sales growth when it reports fiscal second-quarter results after the market's close Wednesday.

EBay reports 22% profit rise

EBay's second-quarter profit jumped 22%, as the online auction company enjoyed strong growth in its e-commerce sites and its PayPal payments service, an Associated Press report said.

EBay 2Q profit rises 22 percent but outlook soft

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.

EBay 2Q profit rises 22 percent but outlook soft

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.

EBay 2Q profit rises 22 percent but outlook soft

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.

Video Game Industry Predictions for 2012

PricewaterhouseCoopers is about to release a new industry report titled "Global Entertainment and Media Outlook: 2008-2012". The overall video game industry is expected to grow 10.3% annually but console games will continue to dominate sales which will grow at a healthy 6.9% per year. Online games are predicted to see the highest annual growth rate of 16.9% but will still have a way to go to catch up to console sales. Video game advertising, a relatively new entry, is also predicted to have strong growth at 16.7% annually. PC games will continue to be the industry laggard with an expectation of decreased sales between now and 2012. They are predicting an annual growth rate of negative 1.2%. This news doesn't bode well for hard-core PC gamers as this will likely lead to a reduced investment in quality titles.

EBay 2Q profit rises 22 percent but outlook soft

(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.

EBay second-quarter profit rises 22 per cent but outlook soft

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

EBay second-quarter profit rises 22 per cent but outlook soft

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

EBay second-quarter profit rises 22 per cent but outlook soft

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

EBay second-quarter profit rises 22 per cent but outlook soft

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

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