EBay profit falls along with online sales
Online auction site eBay posted a 22-per- cent decline in profits Wednesday, as the slump in online sales hit its revenue.
The company said that income fell to 357.1 million dollars, compared to 459.7 million dollars a year ago. Revenue slumped eight per cent to 2.02 billion dollars as the value of the goods it sold through its auction business dropped 16 per cent to 10.8 billion dollars.
The earnings were posted just days after eBay said it would try to spin off its internet telephony business, Skype. In the first quarter, the unit posted 153 million dollars in revenue, a 21-per- cent gain over the same quarter a year ago.
Ebay's internet payments unit Paypal recorded strong growth, with revenue increasing 11 per cent to 643 million dollars and net total payment volume rising 10 per cent to
15.86 billion dollars.
- Login or register to post comments
Print
Email to friend
More like this
- Ebay posts first-ever sales drop
- Apple earnings rise 24 per cent
- Dell sales drop, but profits rise
- Broadcaster CBS sees profits plunge as advertising shrinks
- Japan Airline suffers quarterly net loss of 428 million dollars
- Economic downturn predicted to pinch cruise line profits
- Harley-Davidson's third-quarter profits plunge 37 per cent
- Profits fall at world's largest recruiter Adecco
- Ebay lays off 10 per cent of workers, acquires new company
- Ebay to fire 10 per cent of work force
Featured Articles
-
Increasingly, knee replacements are becoming...
-
While, the elderly with failing memories often...
-
President Barack Obama’s healthcare bill has...
-
The debate over prostate specific antigen (PSA...
-
Two recent studies, not the first to link long...
The inability of both the cable operator and TV network to reach agreement on a new contract means as of Sunday morning customers of Cablevision...
Saturday, just one day before the Oscars, Sandra Bullock, nominated for the Oscars and favoured to win, was crowned as the Worst Actress of 2009...
This week, three executives belonging to the Shanghai Panda Dairy Co. are to go on trial for selling melamine tainted dairy products. Melamine,...
A recent debate about health insurance on Fox News had Bob Beckel, the Democratics political strategist explaining that the president needed an...
The Chronicle has learnt that even though the drug lab technician’s sister told the police she suspected the woman may have taken a cocaine vial...
The budget will affect the Bulgarians in a way that 2010 years will be worse than 2009.
This was announced by the former energy minister...
According to a Ford spokeswoman Saturday, holding a strike authorisation vote, the workers of Ford Motor Co. and United Auto have succeeded in...
