eBay reported financial results for its third quarter ended September 30, 2001. Consolidated net revenues for the quarter ended September 30, 2001, totaled $194.4 million, representing a 71% increase over the $113.4 million generated in the same period last year. Consolidated net income for the quarter was $18.8 million, or $0.07 per diluted share. Based on eBay's current outlook, including consideration of the changing economic environment and some diversion of trading activity to its "Auction for America" effort, the company now believes that Q4-01 net revenues could approximate $200-210 million, or about $5 million higher than its previous financial guidance.
eBay says it continued to execute on a strategy that balances bottom-line returns with investments in long-term growth. These investments include continued international expansion, development of next generation architecture, continued improvements to site features and functionality, development and integration of fixed price trading formats, and promoting eBay as a holiday shopping destination. http://www.ebay.com
