AFP-Despite pledging to pay millions of pounds in extra tax in Britain, Starbucks faces a battle to restore its reputation...
Gigantic balloon creature splits opinion in AustraliaAFP - A gigantic whale-like balloon with pendulous udder-like appendages, designed to mark the centenary of Australia's...Read More...
Picasso, Duchamp in first ever face-off in StockholmRead More...
AFP- Stockholm's Museum of Modern Art is pitting Pablo Picasso and Marcel Duchamp, two of the 20th century's...
Italy experts find 100 drawings by young Caravaggio: reportRead More...
AFP- Italian art experts have discovered around 100 drawings and some paintings by the young Renaissance master Caravaggio...
J.K. Rowling puts magic in PlayStation interactive bookAFP-Harry Potter author J.K. Rowling is putting the magic in a "Book of Spells" that uses augmented reality to make...Read More...
Yo-Yo Ma and Paul Simon win 2012 Polar Music PrizeRead More...
AFP-Acclaimed Chinese-American cellist Yo-Yo Ma and "world-class songwriter" Paul Simon, also of the United States,...
Rock analysis suggests France cave art is 'oldest'Read More...
(AFP) Experts have long debated whether the sophisticated animal drawings in a famous French cave are indeed the...
|eBay reports hot quarter as shopping goes digital|
|Wednesday, 09 May 2012 18:42|
AFP-Internet auction powerhouse eBay on Wednesday reported that quarterly revenue and profit boomed due in large part to its PayPal online financial transaction service.
The San Jose, California-based company said that net income climbed 20 percent to $570 million on revenue that soared 29 percent to $3.28 billion in the quarter to March 31.
"The first quarter was a strong start to the year for us with momentum continuing in our Marketplaces, PayPal and GSI Commerce (interactive marketing) businesses," said eBay Inc. chief executive John Donahoe.
"We believe that innovation in retail today is technology driven, and consumers are embracing smarter, easier, better ways to shop."
PayPal ended the quarter with 109.8 registered accounts in a 12 percent increase from the same period a year earlier. Revenue at the service was 32 percent greater than the same three months in 2011, according to eBay.
PayPal handled $34 billion worth of transactions in the quarter (photo - pbo31).
EBay's Marketplaces business grew to $16 billion, not counting car sales.
The price of eBay stock rose more than six percent to $38.18 in after-market trade that followed release of the earnings results.