Guidance Hits eBay Shares

ebay logoeBay Inc. (NASDAQ: EBAY) reported first quarter results after markets closed today. The online auction company reported adjusted diluted earnings per share (EPS) of $0.63 on revenues of $3.75 billion. In the same period last year the company reported EPS of $0.55 on revenues of $3.28 billion. The consensus estimate called for EPS of $0.62 on revenues of $3.77 billion.

On a GAAP basis, EPS for the first quarter totaled $0.51, compared with GAAP EPS of $0.44 in the first quarter of last year.

For the second quarter, eBay expects revenue of $3.8 to $3.9 billion and EPS of $0.61 to $0.63. The consensus estimate calls for $3.95 billion in revenue and EPS of $0.66. For the full year, the company expects revenue of $16 to $16.5 bi llion and EPS of $2.70 to $2.75, compared with consensus estimates of $16.39 bln in revenue and EPS of $2.75.

The company's CEO said:

Technology is creating a commerce revolution, and we are in the forefront with strong mobile leadership and a focus on helping retailers and brands engage consumers anytime, anywhere.

The company's PayPal business grew 18%, to $1.5 billion, and PayPal added 5 million registered accounts in the first quarter.

That second-quarter guidance came in below estimates will hit the shares, but eBay is likely to follow its pattern of coming in just above the consensus estimate - whatever it is - in the second quarter.

Shares are down about 2.5% at $56.10 in after-hours trading today. The 52-week range is $35.50 to $58.04. Prior to today's release Thomson/Reuters had a consensus price target of around $63.70 on the company's shares.


Filed under: 24/7 Wall St. Wire, Earnings, Internet, Services Tagged: EBAY, featured
Read Full Story

Markets

DJIA 21,394.76 -2.53 -0.01%
NASDAQ 6,265.25 28.56 0.46%
S&P 500 2,438.30 3.80 0.16%
NIKKEI 225 20,132.67 22.16 0.11%
HANG SENG 25,670.05 -4.48 -0.02%
DAX 12,733.41 -60.59 -0.47%
USD (per EUR) 1.12 0.00 0.40%
USD (per CHF) 0.97 0.00 0.02%
JPY (per USD) 111.28 0.01 0.01%
GBP (per USD) 1.27 0.00 0.00%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.