EBay's fails to post revenue growth in holiday quarter

Reuters News
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Posted: Jan 27, 2016 4:14 PM

(Reuters) - EBay Inc reported no growth in revenue in the holiday quarter, during which it faced intense competition from bigger e-commerce rival Amazon.com Inc as well as traditional retailers.

The company's revenue was $2.32 billion in the fourth quarter ended Dec. 31, flat with a year earlier.

Net income fell to $477 million, or 39 cents per share, from $1.02 billion, or 82 cents per share.

(This story has been refiled to remove an extraneous words in first paragraph)

(Reporting by Sai Sachin R in Bengaluru and Mari Saito in San Francisco; Editing by Savio D'Souza)