EBay Inc reported no growth in revenue in the holiday quarter, during which it faced intense competition from bigger e-commerce rival Amazon.com Inc as well as traditional retailers.

The company’s revenue was $2.32 billion in the fourth quarter ended Dec. 31, flat with a year earlier.

Net income fell to $477 million, or 39 cents per share, from $1.02 billion, or 82 cents per share.

(This story has been refiled to fix typo in headline)

(Reporting by Sai Sachin R in Bengaluru and Mari Saito in San Francisco; Editing by Savio D’Souza)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲