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Telecomunicaciones y tecnología

EBay restates quarterly profit to reflect lower income tax


    (Reuters) - EBay Inc raised its reported fourth-quarter net income by $87 million to reflect a reduction in income tax expense.

    The e-commerce company said the reduction of tax was due to an intercompany transaction that took place in December.

    After adjustment, EBAY (EBAY.NQ)s net income rose to $1.02 billion from $936 million in the quarter ended Dec. 31. EBay reported its quarterly results on Jan. 21.

    (Reporting By Arathy S Nair in Bengaluru; Editing by Maju Samuel)