EBay Profit Misses Street Forecast
301819
EBay Inc. EBAY.O  on Wednesday  missed Wall Street earnings expectations for the first time in  at least three years, sending its shares down 12 percent and  taking other Internet stocks lower.
563281
Google Inc.'s fourth-quarter profit missed analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine.
254675
EBay Inc., the world's largest online marketplace, on Wednesday posted a 77 percent increase in quarterly profit, fueled by strong back-to-school shopping and growth in its international and PayPal businesses.
133620
eBay exceeded Wall Street&#39;s earnings and revenue expectations for its fourth quarter and,&#160;as expected, announced that Meg Whitman will step down as president and CEO at the end of March, ending a 10-year tenure at the helm of the e-commerce giant.For the quarter ended Dec. 31, 2007, eBay had revenue of $2.18 billion, up $461 million from the fourth quarter of 2006 and above the $2.14 billion consensus estimate from analysts polled by Thomson Financial.Revenue grew across the board, but PayPal, StubHub, Skype, and advertising performed particularly well as eBay enjoyed strong sales during the 2007 holiday season, the company said Wednesday.New income was $531 million, or $0.39 per share, up from $346 million, or $0.25 per share, in 2006&#39;s fourth quarter. On a pro forma basis, which includes one-time items, net income was $611 million or $0.45 per share, topping the consensus expectation by $0.04.Whitman will hand over her CEO and president titles on March 31, but she will remain on the company&#39;s board of directors. She will be succeeded by John Donahoe.Whitman joined eBay in March 1998, when the company operated only in the U.S. and had 30 employees and $4.7 million in annual revenue. It now operates worldwide with more than 15,000 employees and almost $7.7 billion in revenue.Donahoe has been with eBay since February 2005, coming from Bain &amp; Company, where he was worldwide managing director since 1999. He is president of eBay Marketplaces, which generates more than 70 percent of the company&#8217;s global revenue.Rajiv Dutta, PayPal&#39;s president, has been named eBay executive vice president and will also replace Donahoe as president of eBay Marketplaces. Scott Thompson, PayPal&#8217;s CTO, will take over as PayPal president.Meanwhile, Bill Cobb, president of eBay North America, will step down and retire from the company at the end of the year. Lorrie Norrington, currently president of eBay International, will become president of eBay Marketplaces Operations and assume Cobb&#39;s responsibilities, eBay said.
303927
Shares in eBay Inc.  slipped 2 percent on Wednesday, deepening a decline since the start of 2005 as investors re-examine the Internet auctioneer's valuation after a strong run late last year, analysts said.
259927
Price cuts ahead eBay made a loss of $938m in the three months ended 30 September 2007, despite increasing turnover by 30 per cent to $1.89bn compared to last year.â¦
145542
Internet service provider EarthLink  Inc. on Tuesday posted higher quarterly profit, boosted by cost  controls, but quarterly sales fell short of analysts'  expectations, as did its forecast for 2005 sales.
447386
Amazon.com Inc  on Wednesday issued quarterly earnings and full-year sales forecasts ahead of Wall Street targets, but profit margins declined in what one analyst called a disappointment.
68041
EBay Inc., EBAY.O the world's  largest online marketplace, on Wednesday posted a quarterly  profit that rose 77 percent from a year ago, fueled by growth  in its international and PayPal businesses.
41279
EBay Inc. on Wednesday missed  Wall Street's earnings expectations for the first time in at  least three years, sending its shares down nearly 12 percent  and taking other Internet stocks lower.
199700
The home-furnishings retailer reports lower earnings but beats expectations.
185215
Shares of eBay Inc. posted their biggest one-day drop since November 2000 on Thursday after its quarterly profit missed Wall Street expectations for the first time and raised "red flags" about growth prospects at the online marketplace.
427300
EBay Inc warned that 2008 results would fall below Wall Street expectations, sending its stock down more than 5 percent even as it confirmed long-serving Chief Executive Meg Whitman would step aside.
536044
EBay Inc. EBAY.O on Wednesday  missed Wall Street's earnings expectations for the first time  in at least three years, sending its shares down nearly 12  percent and taking other Internet stocks lower.
174771
Shares of eBay fell nearly 12 percent in after-hours trading because its quarterly earnings missed Wall Street's expectations by a penny a share.
698286
EBay (EBAY), the world&#39;s largest online marketplace, Wednesday posted a quarterly profit that rose 77% from a year ago, fueled by growth in its international and PayPal businesses.
229221
Shares in eBay fall 9.8% in after-hours trade in New York, after its quarterly profits fail to meet market expectations.