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Thursday April 22, 01:57
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eBay handily tops Q1, raises 2004 goals
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eBay (EBAY) said late Wednesday that earnings nearly doubled to $200 million, or 30 cents per share, in the first quarter, from a profit of $104 million, or 16 cents per share in the year-ago period. Excluding certain items, eBay earned 31 cents per share, vs. the consensus estimate of 26 cents. The online marketplace operator posted sales of $756 million, up 59 percent from last year, and 5 percent better than the $717 million consensus estimate. eBay also said that for the full year, it expects to post earnings, excluding certain items, of $1.13 per share on sales of $3.15 billion. Both goals exceed analysts' forecasts. eBay rose nearly 1 percent to $74.47 in regular trading, ahead of the release. (CBS.MW)
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