BusinessJanuary 22, 2001
MEMO: REVENUES AT EBAY UP IN FOURTH QUARTER
Fourth-quarter profits at eBay Inc. beat Wall Street expectations last week, as the mammoth Internet auction site said it had added a record 3.5 million users during the final quarter of 2000. In the quarter ended Dec. 31, eBay earned $23.9 million, or 9 cents per share, compared with $3.8 million, or 1 cent per share in the year-ago quarter...
Fourth-quarter profits at eBay Inc. beat Wall Street expectations last week, as the mammoth Internet auction site said it had added a record 3.5 million users during the final quarter of 2000.
In the quarter ended Dec. 31, eBay earned $23.9 million, or 9 cents per share, compared with $3.8 million, or 1 cent per share in the year-ago quarter.
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Revenues rose 81 percent to $134 million.
The news sent eBay shares soaring as high as $52.06 in after-hours trading on the Nasdaq Stock Market.
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