Internet auctioneer eBay reported quarterly earnings last night of $30.6 million, or 11 cents per share, beating analysts' expectations by three cents a share.
The performance runs counter to the downward spiral of other dot-com companies, which have been going out of business at a rate of more than one per day.
'EBay's momentum continues to accelerate,' chief executive Meg Whitman said in a statement accompanying Thursday's earnings announcement.
The company, which allows individual sellers and buyers to link up on the Internet in an auction setting, has consistently been an Internet ratings leader since it began in 1995. It currently operates local sites in 60 US cities and in a number of other countries, including France, Germany, Italy, Canada, Japan and South Korea.
Earlier this month, the company announced it would open local auction sites in Ireland, New Zealand and Switzerland.
