EBay, Siemens Post Higher Profits

Online auctioneer EBay Inc. Tuesday reported an $US11.6 million profit for its second quarter ended June 30, up sharply from $US5.1 million a year ago. Revenue almost doubled to $US97.4 million.

The San Jose-based company reported a 183 percent jump in registered users between the ends of last year's and this year's second quarters, to 15.8 million.

In other earnings news this week:

Siemens AG this morning reported strong earnings in its third fiscal quarter, which ended June 30. Net profit for the quarter stood at 832 million euros ($780 million), an increase of 134 percent over the same period last year. The positive results were driven by the Infineon Technologies AG subsidiary, as well as by Siemens' Automation and Drives unit and Information and Communication Mobile unit, the German company said.

Silicon Graphics Inc. in Mountain View, Calif., earlier this week reported a fourth-quarter net loss of $608 million, or $3.21 per share, compared with net income of $158 million a year ago.

SGI reported a net loss for the full fiscal year of $830 million, or $4.52 per share, compared with a profit of $54 million, or 28 cents per share, the previous fiscal year.

Nine analysts polled by Boston-based First Call/Thomson Financial had predicted losses between 15 cents and 22 cents per share for the quarter, and 10 analysts polled estimated that the company would report a loss of 54 cents to 68 cents for the year. Those figures do not account for the charges included in SGI's report, said a First Call/Thomson Financial spokesman.

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