surprising, no ?
Weak dollar boosts eBay profits
Profits at online auction site eBay have risen 22% as the weak dollar helped boost the value of the firm's international sales.
EBay's net income rose to $459.7m (£233m) in the first three months of 2008 from $377.1m in the same period a year earlier.
It also gave a rosy outlook for the rest of the year, forecasting annual revenues between $8.7bn and $9bn.
The firm now makes the bulk of its money outside the US.
Revenue rose 24% to $2.19bn, benefiting from growth in eBay's international businesses.
The effect of translating overseas currencies into dollars boosted quarterly sales by $110m.
EBay's figures surpassed analysts' expectations.
....
http://news.bbc.co.uk/2/hi/business/7351637.stm
Profits at online auction site eBay have risen 22% as the weak dollar helped boost the value of the firm's international sales.
EBay's net income rose to $459.7m (£233m) in the first three months of 2008 from $377.1m in the same period a year earlier.
It also gave a rosy outlook for the rest of the year, forecasting annual revenues between $8.7bn and $9bn.
The firm now makes the bulk of its money outside the US.
Revenue rose 24% to $2.19bn, benefiting from growth in eBay's international businesses.
The effect of translating overseas currencies into dollars boosted quarterly sales by $110m.
EBay's figures surpassed analysts' expectations.
....
http://news.bbc.co.uk/2/hi/business/7351637.stm
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