Ebay Earnings Soar

  • October 20, 2004
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.
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