SAN FRANCISCO - EBay Inc. on Wednesday said its profit in the first quarter increased by 20% on growth invigorated its homonym electronic commerce and fastest site growth to its PayPal payment service.
Income from the business marketplace, which is the largest and includes eBay.com, climbed 12 percent to 1.55 billion p. - well before from growth to a single digit eBay reported in the second half of 2010.
The company is working to improve the buying and selling of experience on eBay.com with cutting fresh list upfront expenses of vendors, improve its search engine and reorganization of its home page.
The company said gross volume of goods, which measure the value of all goods sold on eBay, other than a vehicle, increased by 8% to $ 14.5 billion. Although the roots of eBay are in the area of online auction, more than half of transactions on the site these days are fixed price sales.
In an interview, eBay CEO John Donahoe said that the growth shows consumers as society changes.
For society as a whole, income net in the January-March period was 475,9 million, or 36 cents per share. That compared with European million, or 30 cents per share, in the first quarter of 2010.
Excluding special items, eBay won 47 cents per share - a penny more than analysts surveyed by FactSet expected.
Income increased by 16% to $ 2.5 billion, is essentially consistent with the expectations of the analyst.
Revenues of PayPal, eBay's online payment company, jumped 23 percent to 992.3 million. This enterprise, which includes PayPal and credit in the short term service Bill Me Later, has increased rapidly as merchants and consumers to use it on and off eBay. In the next few years, eBay provides that the income of the unit surpassed that of the unity of the market.
PayPal's total payment volume increased 28% to $ 27.4 billion, and at the end of the quarter, the number of active users has increased from 16% in the year to 97.7 million years.
The mobile market for PayPal and places is growing, also, that consumers use eBay and PayPal Mobile on smartphones computers and compressed. Donahoe reiterates a prediction he made in January, saying: it is expected to goods to be sold in mobile applications eBay.com in 2011, which would be double what eBay seen last year, with a value of $ 4 billion.
Consumers "Is like having, essentially, a store in their pocket," said.
He expects mobile applications of PayPal, during this time, to process payments with a value of 2 billion dollars - double over 750 million they manipulated in 2010.
Based in San Jose eBay also predicts that revenue from its second-quarter could beat Wall Street views: it is for 2.55 billion to $ 2.65 billion, while analysts were waiting 2.52 billion.
EBay has predicted a profit of 36 or 37 cents per share, or 45 or 46 cents excluding items. Analysts expected 46 cents per share, excluding items.
EBay sharing roses 7 cents to $34.10 in after hours trade. The stock had completed a regular exchange up to 95 cents, or 2.9% to $34.03.
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