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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MARK HAINES, CNBC ANCHOR: EBay profit up 40 percent but it is not enough for investors. And actually the profit is OK, it is a bunch of other stuff that is a problem-- David Faber.
DAVID FABER, CNBC CORRESPONDENT: Thanks, Mark. The largest auction site in the world and of course largest seller online of all goods sold a -- posted a 40 percent increase in profit, revenues were up 37 percent. The 2006 forecast though left some on Wall Street unimpressed, the stock down about 2 percent right now. Joining me from San Jose where it is 6:41 in the morning, and we appreciate her getting up so early, is Meg Whitman, eBay CEO.
Meg, thanks for being with us.
MEG WHITMAN, PRES. & CEO, EBAY: Good morning David, how are you this morning?
FABER: I`m doing very well. Talk about the 2006 guidance, did you trim anything? Was it solely due to dilution from the Skype acquisition that some analysts seem to have a higher estimate for what you would earn next year?
WHITMAN: So we take into a lot of accounts, we take a number of different things into accounts. We look at each geography, each business unit, and where we are stand today before we`re really deep into Q4, we think it is a reasonable forecast. As you know, we tend to be a little conservative on these things, but from where I sit, what we -- the outlook for 2006 seems about right.
FABER: Over the last two quarters the growth rate of the business has reaccelerated. There was concern earlier this...
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