EBay: 4Q Earnings Snapshot
Posted January 29, 2019 1:56 pm.
This article is more than 5 years old.
SAN JOSE, Calif. (AP) _ EBay Inc. (EBAY) on Tuesday reported fourth-quarter net income of $760 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Jose, California-based company said it had profit of 80 cents. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The e-commerce company posted revenue of $2.88 billion in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $2.86 billion.
For the current quarter ending in April, eBay expects its per-share earnings to range from 62 cents to 64 cents.
The company said it expects revenue in the range of $2.55 billion to $2.6 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $2.66 billion.
EBay expects full-year earnings in the range of $2.62 to $2.68 per share, with revenue ranging from $10.7 billion to $10.9 billion.
EBay shares have increased 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 per cent. In the final minutes of trading on Tuesday, shares hit $33.69, a decrease of 17 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at https://www.zacks.com/ap/EBAY
The Associated Press
