Ebay splits stock

San Jose-based eBay Inc. reported record quarterly profit and revenue Thursday, and the online auction giant announced a two-for- one stock split and boosted its already bullish outlook for the rest of the year. The company said it earned $152 million in the second quarter on revenue of $509.3 million, crediting the boost to strong international sales and a surge in active users -- those who frequently visit and buy on eBay. Revenue and profit both jumped 91 percent from the same quarter in 2002. EBay earned 33 cents per share, or 37 cents per share excluding some items, including payments to expand facilities in its San Jose headquarters. That beat Wall Street's expectation of 35 cents per ...

More articles like this:

Loading
We're searching over:
  • 60 million articles
  • 3,500 publications


Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) Register Register