eBay profits on the increase

Online auction company eBay posted a profit of $ 104.2 million, or 32 cents a share, in the first quarter, which is double that it achieved for Q1 last year when it earned $ 47.6 million, or 17 cents a share.

Online auction company eBay posted a profit of $104.2 million (€95m) or 32 cents a share, in the first quarter, which is double that it achieved for Q1 last year when it earned $ 47.6 million (€43m) or 17 cents a share.

The company’s revenue went up by a similar amount, to $ 476.5 million (€435m) from $ 245.1 million (€224m).