By Sonya Rabbitte, 7 June 2002 11:20
NEWS eBay CEO Meg Whitman has said her company is on course to earn $1bn in 2002. Basing her predictions on healthy first quarter results, Whitman told shareholders at yesterday's annual meeting that operating profits would total 73 to 75 cents per share. Analysts are even more optimistic, forecasting revenue of $1.1bn and earnings per share of 76 cents. First quarter profit totalled $47.6m, over double the profit earned in the same quarter last year. Revenue jumped 59 per cent to $245.1m, up from $154.1m a year ago. The company also saw customer numbers jump 55 per cent to reach 46.1m users.
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