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eBay Sets Revenue Records!
During its second quarter of fiscal year 2005, Internet auction powerhouse eBay Inc., logged $1.5 billion worth of jewelry and watch transactions. According to eBay's quarterly statement, the website has 157 million registered users.
The company itself recorded a 40 percent increase in corporate revenues from 2004 to close second quarter at $1 billion on June 30, 2005. Operating income rose 49 percent to $379 million, and eBay earned $292 million, or 21 cents per share.
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