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eBay had a great earnings report. I’m simply amazed at how well this company performs.

Sales jumped 40%, and net income rose by 53%. All told, eBay took in 22 cents a share, which was four cents higher than forecasts. The company also raised its full-year forecast to a range of 82 cents to 83 cents a share. Was it just six months ago that eBay warned of slowing growth, and full-year earnings of 74 cents to 76 cents a share?

Let’s put today in perspective. Last year, eBay earned 57 cents a share, and the year before that, it made 33 cents a share. So in the last three months, it earned two-thirds of 2003’s profit. The stock is up about 20% higher today.

Posted by edelfenbein at July 21, 2005 1:30 PM