*eBay* continues to feel the sting from consumer cutbacks in spending, but the e-commerce company did manage to scrape up a profit for Q1. Net income excluding charges came in at about $500 million, or $0.39 per share; that's down 11 percent year-over-year, but it beat The Street's estimates of about $0.33 per share (per MarketWatch). Revenues were also down about 8 percent year-over-year, to $2.02 billion, but analysts were only expecting $1.94 billion in sales. The news sent eBay's shares up by more than 3 percent in after-hours trading.
Skype: The VoIP provider generated $153.2 million in revenue in Q1; that's up 21 percent year-over-year, but down 5 percent from Q4. It added almost 38 million new users this quarter, but Skype's growth has been slowing, part of the reason eBay (NSDQ: EBAY) plans to sell or spin it off by 2010.
It's worth noting that eBay used Twitter to help get the news out about its earnings today, complete with a custom #ebayQ109 tag.
Release | Webcast
Photo Credit: Dru Bloomfield
By Tameka Kee