Apple Net Up 15%, eBay Net Falls 8%

123jump.com Staff
22 Apr, 2009
New York City

Apple reported a surge in iPhone sales in the latest quarter and reported better than expected earnings. Apple earned $1.33 a share. eBay earnings and sales fell compared to a year ago on a decline in gross transaction on its marketplaces sites. eBay earned 39 cents a share in the quarter.

[R]5:30 PM New York – Apple reported a surge in iPhone sales in the latest quarter and reported better than expected earnings. eBay earnings and sales fell compared to a year ago on a decline in gross transaction on its marketplaces sites.[/R]

Apple ((AAPL)) reported its fiscal second quarter revenue of $8.16 billion compared to $7.51 billion and earnings in the period increased to $1.21 billion or $1.33 a share compared to $1.05 billion and $1.16 a share.

In the quarter Apple sold 2.2 million Macintosh computers, 3% decline from a year ago quarter; 11.01 million iPods, 3% increased from a year ago; and 3.79 million iPhone units, 123% surge from a year ago.

Apple estimated third quarter sales between $7.7 billion and $7.9 billion and earnings per share between 95 cents and $1.00.

At the end of the quarter the company reported cash and marketable securities of $29 billion.

Apple ((AAPL)) in the after-hours trading rose $2.50 to $124.01 and closed in regular session at $121.51 with loss of $0.25.

eBay Inc., the online auction and commerce company reported first quarter revenue declined 8% to $2.02 billion compared to a year ago. Net income in the quarter fell 22% to $357 million from a year ago and earnings per share declined 7% to 39 cents from 42 cents a year ago.

Net total payment total volume processed by PayPal and Bill Me Later increased 10% to $15.8 billion and generated revenue of $643 million an increase of 11% from a year ago quarter.

Marketplaces business, which includes eBay, Shopping.com, StubHub and Kijiji and others, reported revenue decline of 18% to $1.22 billion. Approximately 54% of revenues were generated outside the U.S. Gross merchandise volume sold through sites declined 16% to $10.80 billion but online classified revenues increased 23% from a year ago.

Marketplace reported second consecutive sequential quarterly revenue decline of 18%. Number of registered users increased 22% from a year ago to 73.1 million but number of payments increased 20% in the period to 254.1 million.

Skype, schedule to be spun off as an independent company by the first half of 2010, reported revenue increase of 21% to $153.2 million. The Skype reported 443.2 million registered users at the end of the quarter. Of the total revenues 82% were international markets.

eBay ((EBAY)) in the regular trading session increased 51 cents to $14.80 and in the after-hours trading rose $1.09 or 7.4% to $15.87.