eBay's Profit and Revenue Soar

Updated from 6:17 p.m. EST

eBay on Thursday reported surging fourth-quarter profits and sales.

The online auction company posted net income of $87 million, or 28 cents per diluted share, on $413.9 million in revenue. That's up from the $25.9 million, or 9 cents a share, eBay earned last year on $219.4 million in revenue.

Excluding items, the company earned $87.6 million, or 28 cents a share, on a pro forma basis. Wall Street analysts surveyed by Thomson Financial/First Call expected the company to earn 24 cents per share on $386.6 million in revenue in the quarter. ...