BRIEFCASE.Byline: -- Staff and Wire Services Fourth-quarter profit for eBay up 24 percent SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- EBay Inc. reported Wednesday that fourth-quarter profit increased 24 percent from the same period last year, trouncing Wall Street estimates and prompting executives to raise estimates for the current quarter. Thanks to scorching scorch v. scorched, scorch·ing, scorch·es v.tr. 1. To burn superficially so as to discolor or damage the texture of. See Synonyms at burn1. 2. holiday sales -- particularly in eBay's traditional strongholds of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom and Germany -- the San Jose-based online-auction company earned $349 million, or 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , for the three months ended Dec. 31. It earned $279 million, or 20 cents per share, in the year-ago period. EBay shares increased $1.38, or nearly 5 percent, to close Wednesday at $30 on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. before the earnings report was released. It jumped to $33.05, up an additional 10.2 percent, in after-market trading. Fourth-quarter revenue totaled $1.72 billion, up 29 percent from $1.33 billion in the year-ago period. Home Depot's top exec could earn $8.9 million ATLANTA -- The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box Inc.'s new chief executive could earn as much as $8.9 million in total compensation this year, the world's largest home improvement store chain said in a regulatory filing Wednesday. Frank Blake's compensation is smaller than the roughly $25.7 million a year on average that former Chief Executive Bob Nardelli was earning excluding stock options. Nardelli resigned earlier this month after six years at the helm of the Atlanta-based company amid a furor over his hefty pay and Home Depot's lagging stock price. He was replaced by Blake, who was Home Depot's vice chairman. According to Wednesday's filing with the Securities and Exchange Commission, Blake will earn a base salary this year of $975,000. McDonald's can thank burrito for greater profit CHICAGO -- McDonald's Corp., the world's largest fast-food chain, said Wednesday that its fourth-quarter profit more than doubled, thanks in large part to the spin-off of a burrito chain and strong sales in Europe. The restaurant company earned $1.2 billion, or $1 a share, in the quarter ending Dec. 31. That was up from $608.5 million, or 48 cents a share, during the same period last year. McDonald's revenue climbed 11 percent, to $5.6 billion from $5.01 billion during the year-ago period. Even without the gain from the spin-off of its Chipotle chi·pot·le n. A ripe jalapeño pepper that has been dried and smoked for use in cooking. [American Spanish, from Nahuatl xipotli.] Noun 1. chain, McDonald's said, income from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the climbed to $761.2 million, a 26 percent increase from $604.8 million last year. |
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