EBay profits rising to 30 cents a share on higher sales
Published April 14th, 2007
EBay Inc. is expected to report higher sales and a surge in profit on Wednesday, fueled by growth in its PayPal online payment processing business and improving average selling prices of items sold on its Web sites.
Analysts surveyed by Thomson Financial expect the company to report a profit of 30 cents a share, at the higher end of eBay’s guidance for the quarter and up from the 17 cents a share it posted a year ago.
Sales are seen climbing 22% to $1.7 billion, near the middle of the $1.67 billion to $1.72 billion range eBay projected.
