MIAMI, April 30, 2004 (PRIMEZONE) -- Stockwire Research Group, Inc. adds eBay, Inc. (Nasdaq:EBAY) to its Outperform List.
EBay, Inc. has developed a Web-based community in which buyers and sellers are brought together in an auction format to buy and sell items such as antiques, coins, collectibles, computers, memorabilia, stamps and toys. For the FY ended 12/31/03, revenues rose 78% to $2.17B. Net income before acct. change rose 79% to $447.2M. Results reflect increased online transaction activity, the PayPal acquisition and improved operating margins.
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