engine - 2:53 pm on Jan 22, 2009 (gmt 0)
Auction Growth Declines Hit eBay [marketwatch.com] Q4 Earnings
EBay Inc. said Wednesday that net income fell more than 30% during the fourth quarter as sales came under pressure from the slowing economy and increased competition. For the period ended Dec. 31, the online auction giant reported earnings of $367 million, or 29 cents a share, compared with earnings of $531 million, or 39 cents a share, for the same period last year.
Excluding charges related to stock options, the company said it would have earned $524 million, or 41 cents a share, for the recent period.
Revenue fell more than 6% to $2.04 billion.