News Brief

eBay Shows Impressive Q1 Earnings

eBay recently released their First Quarter 2004 earnings revealing record consolidated First Quarter revenues of $756.2 million, up 59 percent year over year, record operating income of 266.7 million, up 80 percent year over year; and record pro forma operating income of 286.4 million, up 73 percent year over year.

The results exceeded the company's guidance of 700 million for net revenues, $ 0.24 for earnings per diluted share and $ 0.25 for pro forma earnings per diluted share.

"eBay's Q1 results exceeded our highest expectations," said Meg Whitman, President and CEO of eBay. "Our continuing momentum demonstrates yet again the power of eBay's community and reinforces our confidence in the long-term potential of our business."

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