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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

+3.7%

Nov 7 9:30 AM EST

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To: Doug Fowler who started this subject	7/24/2003 4:32:32 PM
From: rkral	Read Replies (2) of 7772

EBAY announces 2:1 split and $0.33 per share earnings 4:18 p.m. 07/24/2003 PALO ALTO, Calif., July 24 (Reuters) - Online auctioneer Ebay Inc. (EBAY) said on Thursday that its quarterly profit jumped more than expected from a year ago on revenues that almost doubled, raised its full-year guidance and announced a 2-for-1 stock split. San Jose, California-based Ebay, one of the few stars to come out of Silicon Valley's Internet sector, had a second-quarter net profit of $109.7 million, or 33 cents per diluted share, compared with its year-earlier net profit of $54.3 million or 19 cents per diluted share. Revenue jumped to $509.3 million from $266.3 million last year. !!!!! Just stopped by with this news. Where is everybody? I can't believe there's no posts before/after earnings. Anybody know why EBAY might be trading down $5 in after-hours .. after the earnings announcement? Regards, Ron edit: Was thinking about going long for a quick trade after the spike down .. until I realized how pricey this stock is. (PE = $111 / 4 * 0.33 = 84)

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