elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Wed Jan 26, 2011 2:24 pm Post subject: PayPal Again The Standout At eBay |
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Online marketplace and payment transaction firm eBay (Nasdaq:EBAY) reported fourth quarter and year-end results on Wednesday after the market close. The PayPal processing unit continued growing impressively while a turnaround at the namesake and related websites may be occurring. Overall, the share price valuation is looking rich, though there could be further upside from PayPal and especially if the company considers splitting itself in two.
Fourth Quarter Review
Reported revenues increased 5% to $2.5 billion. Excluding the sale of the Skype voice over IP business, revenues improved 10%. Of this recurring revenue, marketplace sales from the namesake website and other sites including Stubhub and Half.com accounted for 61% of the total top line and grew 4%. The payment unit consists of PayPal and saw revenue jump a robust 22% to $971 million to account for the rest of quarterly revenue.
more.. link to news article |
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