eBay earnings fall

By Ty Tribble on April 21, 2006 in Ideas

Although revenue increased by 35 percent compared to the same quarter last year, net income for eBay moved down by three percent as stock-based compensation expenses impacted the bottom line.
EBay has not accounted for stock options before in its financial numbers. By treating the $58.3 million of stock-based compensation as an expense, net income for the first quarter dropped to $248.3 million or 17 cents per share.
The company’s revenue boomed during the period. EBay disclosed $1.39 billion for the quarter. That and the earnings per share both exceeded eBay’s own high-end of guidance they had provided to investors and analysts.

ebay & online auctions

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