eBay announces first-quarter revenue

Posted on Thursday, April 21 2005 @ 0:27 CEST by Thomas De Maesschalck

eBay reported a first-quarter revenue of $1.03 billion, 36 percent higher than the $756.2 million revenue in last year's first-quarter.

Analysts expected the company to earn between $1.02 billion and $1.06 billion.

EBay shares rose 94 cents, or 2.9 percent, to close at $33.11 Wednesday on the Nasdaq Stock Market before the earnings were released. In after-hours trading, the shares -- which had a two-for-one stock split in February -- rose 27 cents to $33.38.

The online auction giant expects an annual revenue between $4.27 billion and $4.36 billion. Prospects for the second quarter are between $1.03 billion to $1.05 billion.

More info at BusinessWeek

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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