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Earnings: eBay Posts A Profit, But Revs Continue To Slide

This story was written by Tameka Kee.
*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.

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Photo Credit: Dru Bloomfield

By Tameka Kee

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