Ebay Earnings Soar
Oct 20, 2004, 12:00 AM
Online marketplace Ebay yesterday reported third-quarter earnings of $182.3 million compared to $103 million this time last year. Quarterly sales rose to $805.9 million from $530.9 million last year, topping analyst targets of $780 million. EBay said in a statement that it expects to earn a pro forma profit of $1.20 per share on sales of $3.25 billion in 2004. For next year, eBay expects to earn $1.50 a share on sales of $4.2 billion.