eBay has unveiled ambitious long term forecasts following the release of improved financial. During Q2 eBay generated quarterly profits of $54.3 million from revenues of $266.3 million. The number of users registered with the company also rose 46% to 49.7 million, while the total value of goods sold on the company’s website also increased to $3.4 billion in Q2, up from $2.25 billion last year.
Following the release of the Q2 results, CFO Rajiv Dutta predicted that eBay would generate an EPS of 19 cents per share for the current financial quarter. This prediction is in line with Wall Street analysts’ expectations. Rajiv Dutta also predicted full year earnings of 76-78 cents per share and sales in 2003 of around $1.5 billion. Both these figures meet analyst expectations but are higher than eBay’s previously disclosed forecasts.