eBay’s third-quarter earnings report showed gains in revenue and earnings, but the company’s stock dipped on its warning that a weak U.S. economy might lead to lower-than-expected fourth-quarter gains. Revenue was up 14 percent in eBay’s third quarter, with the company bringing in $3.9 billion compared with the $3.4 billion it reported a year earlier. Net income rose to $689 million, or 53 cents per share, a 15 percent increase from the $597 million it realized in the year-ago period.
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eBay Expects Holiday Season to Be a Nailbiter
Posted by: Rachelle Dragani October 17, 2013 03:36 PMeBay’s third-quarter earnings report showed gains in revenue and earnings, but the company’s stock dipped on its warning that a weak U.S. economy might lead to lower-than-expected fourth-quarter gains. Revenue was up 14 percent in eBay’s third quarter, with the company bringing in $3.9 billion compared with the $3.4 billion it reported a year earlier. Net income rose to $689 million, or 53 cents per share, a 15 percent increase from the $597 million it realized in the year-ago period.