EBay Beats Estimates – Revenue, Earnings, and Guidance Improve

20 Jan

EBay announced fourth quarter results today.  In regular trading, eBay stock dropped $1.03, or 4.43% to $22.23 amid a massive market wide sell-off.  The stock is currently trading above $23 after hours.  Analysts expected earnings of 40 cents a share on revenue of 2.29 billion dollars.  EBay performed better, with actual earnings of 44 cents per share on revenue of 2.37 billion dollars.  Revenue from the eBay marketplace grew 15% for the quarter to 1.5 billion and revenue from PayPal was up 28% to 795 million dollars.  EBay reported earnings of 1.36 billion dollars for the fourth quarter, up from 367 million dollars one year ago.  That’s an increase of about 370%.   EBay’s guidance in 2010 is in line with estimates.  The conference call is about to start, so we should know more momentarily.

No comments yet

Leave a Reply