eBay Q2 growth slows as shoppers spend less

Bloomberg
Friday, July 18, 2008

NEW YORK -- eBay Inc., the world's largest Internet auctioneer, reported the slowest revenue growth

since going public in 1998 as customers paid less for items on its retail sites.

The average selling price fell 6 percent in the second quarter, slowing growth in spending by online buyers. The San Jose, California-based company said net income rose 22 percent to US$460.3 million, or 35 cents a share.

Profit excluding some items was 43 cents, beating analysts' estimates by 2 cents. Revenue in the three months ended June 30 rose 20 percent to US$2.2 billion from US$1.83 billion, eBay said.

Most Viewed 24 hrs Week Month

	1		Chen says rally to put Taiwan 'back on track'
	2		Ex-MJIB chief indicted
	3		Russia faces diplomatic isolation from Asia on Georgia
	4		Bike-snatcher caught on the Internet
	5		U.S. Democrats ready celebration for Obama
	6		Local artists take the pulse of Taiwan
	7		Putin says he suspects U.S. provoked Georgia crisis
	8		Far Eastern Group's shares plunge on bribery allegation
	9		Microsoft releases 2nd beta test of Internet Explorer 8
	10		Group reiterates rally not related to Chen scandal

Americas

Next:

Morgan Stanley upgrades Brazil stocks on growth

▪	GM to sell Chinese-made minivans in Peru market
▪	Wells Fargo profit drops; bank ups dividend by 10%
▪	JPMorgan Chase profit falls 53% on loan losses
▪	FBI probing IndyMac for possible fraud: authorities

more Americas >>

eBay Q2 growth slows as shoppers spend less

BloombergFriday, July 18, 2008

Bloomberg
Friday, July 18, 2008