Press Release: eBay Announces Second Quarter 2003 Financial Results

I have a lot of respect for eBay in just the headline they gave this press release. In my frenzy the last few days to keep up with earnings announcements for the quarter (worthwhile? tedious?), I noticed a pattern: if the news was good, the press release headline bragged about it; if the news was not so good, the headline simply stated that the company was reporting its results.

If any company has the right to brag this quarter, it would be eBay: consolidated Q2-03 net revenues of $509.3 million, up 91 percent year-over-year; record pro forma operating income of $168.7 million, up 109 percent year-over-year . Operating income was 30 percent of net revenues and pro forma operating income was 33 percent of net revenues.