News Brief

eBay Profit Up 36%, But Guidance Disappoints

Online auction company eBay said Wednesday that fourth-quarter net income rose to $279.2 million, or 20 cents per share--up 36 percent from $205.4 million, or 15 cents per share, a year earlier. But Wall Street was disappointed by the company's 2006 forecast, which called for profit ranging from 96 cents to $1.01 a share on revenue of $5.7 billion; analysts were expecting sales of $5.91 billion this year.