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The company on Wednesday reported net income of $367 million, or $0.29 per share, on revenue of $2 billion for the fourth quarter of 2008, compared with net income of $531 million, or $0.39 per share, on revenue of $2.2 billion in the same period a year ago.
eBay’s earnings fell short of Wall Street’s expectations; analysts were forecasting net income of $571 million on $2.3 billion of revenue.
Despite tumbling holiday sales, the company still did well for the entire year.
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Online C2C e-commerce services would have more business oppotunities under recession.
The largest Japanease online e-commerce service, Rakuten recorded highest-ever operating profit for Q3 2008 (YoY +100.2%)A company is being put to test.
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