Revenues soar at eBay

San Jose, Calif. — eBay announced that revenue for the fourth quarter ended Dec. 31 increased 35% to $3.4 billion, compared with the same period of 2010. The company reported fourth quarter net income on a GAAP basis of $2 billion, or $1.51 per diluted share, and non-GAAP net income of $788.6 million, or 60 cents per diluted share. The year-over-year increase in the fourth quarter GAAP earnings per diluted share was driven primarily by a gain on the sale of the company's remaining investment in Skype. The year-over-year increase in the fourth quarter non-GAAP earnings per diluted share