eBay reported third quarter 2008 earnings results a few minutes ago. Third quarter revenue was $2.12 Bilion (up $228 million from the same period in 2007). Net income on a GAAP basis was $492 million ($0.38 per diluted share), and non-GAAP net income was $592 million ($0.46 per diluted share).
“Overall, we are pleased with the performance of the portfolio this past quarter,” said eBay Inc. President and CEO John Donahoe. “We took a number of steps during the quarter to further strengthen our business and better align our cost structure to invest and compete. We will continue to stay focused on connecting consumers on our various ecommerce platforms, maintaining financial discipline and capitalizing on new opportunities for growth.”
Read the full press release, the Q3 2008 corporate fact sheet and other related materials at the new eBay Ink news site: http://ebayinkblog.com/news.
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