LONDON (Brand Republic) - US online auction site eBay, one of the few profitable dotcoms, has beaten expectations with its fourth-quarter earnings.
The company鈥檚 earnings for the quarter were $23.9m, or 9 cents a share, compared with $5.1m in the same period a year ago. Analysts had forecast earnings of 7 cents a share.
Revenues grew 81% to $134m from $73.9m in the same quarter last year. The company also predicted strong growth for the coming year. It said 2001 revenues could approach $665m, compared with $431.4m for 2000, and revenues for the first quarter of 2001 could approach $150m.
www.ebay.com