eBay charges on, announces 2-for-1 stock split
eBay, who's shares are up 71% for the year, announced a 2-for-1 stock split and continued strong showing according to this Wall Street Journal story (subscription required):
EBay said net income jumped to $109.7 million, or 33 cents a share, from $54.3 million, or 19 cents a share, a year ago. That exceeds the 30 cents a share the company had told Wall Street to expect. Revenue rose to $509.3 million from $266.3 million a year ago, slightly better than the $500 million eBay had forecast for the period.
...The company said its merchants sold $1.58 billion of vehicles through eBay, $500 million in consumer electronics and $500 million in computers. EBay receives a cut off those sales. EBay said it reached a settlement with the U.S. attorney for the Eastern District of Missouri, who had alleged that the company's PayPal business violated part of the USA Patriot Act by facilitating illegal online gambling. EBay said it paid $10 million to settle the matter. EBay discontinued PayPal's business serving gambling sites after it acquired PayPal.