Tags: ebay | earnings | profit | income

EBay Restates Quarterly Profit to Reflect Lower Income Tax

Friday, 06 Feb 2015 07:26 AM

EBay Inc. raised its reported fourth-quarter net income by $87 million to reflect a reduction in income tax expense.

The e-commerce company said the reduction of tax was due to an intercompany transaction that took place in December.

After adjustment, eBay's net income rose to $1.02 billion from $936 million in the quarter ended Dec. 31. EBay reported its quarterly results on Jan. 21.

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EBay Inc. raised its reported fourth-quarter net income by $87 million to reflect a reduction in income tax expense.
ebay, earnings, profit, income
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2015-26-06
Friday, 06 Feb 2015 07:26 AM
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