TweakTown
Tech content trusted by users in North America and around the world
5,921 Reviews & Articles | 38,153 News Posts

eBay has exceptional first quarter, income & sales up

eBay posts strong first quarter numbers. Its stock is up 3.5% in after-hours trading.

| Business, Financial & Legal News | Posted: Apr 18, 2012 11:27 pm

eBay, in the midst of a rather uncertain economy has done very well in the first quarter of 2012. With economies around the world on the brink of destruction, eBay has managed to increase sales and income, much to the delight of Wall Street investors. Stock in the company is up more than 3.5% in after-hours trading.

 

TweakTown image news/2/3/23643_64_ebay_has_exceptional_first_quarter_income_sales_up.jpg

 

The first quarter ended March 31, 2012 and the numbers that have come in have pleased investors. Net income rose to $725 million, or 55 cents per share, against $619 million, or 47 cents per share in the same quarter one year ago. Sales have increased a massive 29% to $3.3 billion. A majority of this growth is due to the strength of the company's Marketplace and PayPal businesses.

 

"We believe that innovation in retail today is technology driven, and consumers are embracing smarter, easier, better ways to shop," CEO John Donahoe said. "We are enabling commerce in this new retail environment, supporting and partnering with sellers of all sizes and giving consumers worldwide the ability to shop anytime, anywhere, for whatever they want."

 

CNet provides the details:

  • PayPal: 109.8 million active registered accounts, a 12% increase over the first quarter of 2011. PayPal also revenue increased 32% year over year. PayPal ended the quarter with 109.8 million registered users.
  • Marketplaces: Gross merchandise volume excluding vehicles up 12% year over year to $16 billion. Sold items increased 17% compared to the first quarter of 2011.
  • GSI: $237 million in revenue for the first quarter. GSI generated $715 million in global ecommerce merchandise sales during the quarter. Same store sales grew 26% year over year.

NEWS SOURCE
News.cnet.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases