Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  EBay    EBAY

EBAY (EBAY)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe BZX - 04/23 09:35:19 pm
41.625 USD   -1.36%
04/22Amazon to double down on groceries; foray deeper into fresh produ..
RE
04/22‘We Can’t Give the Tax Away’
AQ
04/20EBAY INC : quaterly earnings release
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

EBay Reports Higher Profits, Outlook On PayPal Growth

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2012 | 11:44pm CEST

--EBay earnings rise 20% on 29% increase in revenue

--Quarter driven by continued momentum in PayPal

--Shares trading near multiyear highs

(Updated with additional details throughout.)

 
   By Drew FitzGerald 
   of  
 

EBay Inc.'s (>> eBay Inc) first-quarter profit rose 20% on continued strength in the company's payments business, prompting the company to boost its outlook for the year.

The strong quarter, which included better-than-expected revenue growth of 29%, reflects the company's recent transformation under Chief Executive John Donahoe, who has turned eBay into a more traditional retail site that offers new as well as used goods, while rapidly growing its PayPal payments unit.

The San Jose, Calif., e-commerce operator also raised its 2012 forecast. EBay shares, up 18% this year through the close Wednesday, added another 6.9% to $38.36 in after-hours trading, which would be a multiyear high if those gains carry to the regular session Thursday.

In the first quarter, eBay said PayPal revenue rose 32%, "driven primarily by increased penetration on eBay as well as continued merchant and consumer adoption." PayPal ended the quarter with 109.8 million active registered accounts, a 12% increase from a year ago.

EBay is trying to expand PayPal to brick-and-mortar stores to enable the service to tap into the far larger network of sales at traditional retail locations. While PayPal has made in-roads with stores--the service is available in all of Home Depot's roughly 2,000 U.S. locations--some have said it could be tough to displace the well-entrenched credit cards.

Another challenge for the division is the loss of Scott Thompson, who left as head of PayPal earlier this year to become Yahoo Inc.'s (YHOO) chief executive. The division is now led by David Marcus, who joined the company when eBay acquired his start-up Zong Inc. last year for $240 million.

EBay's marketplaces segment--its largest division--posted 11% higher revenue. Gross merchandise volume, the total value of goods sold on the website, grew 12% excluding vehicle sales.

The company has spent several years overhauling its online marketplace to increase its emphasis on fixed-price, high-volume merchants. The effort positions it more squarely as a competitor to Amazon.com Inc. (>> Amazon.com, Inc.), which has benefited along with eBay from growing demand for online merchandise.

Overall, eBay reported a profit of $570 million, or 44 cents a share, up from $476 million, or 36 cents a share, a year earlier. Excluding stock-based compensation and other items, per-share earnings rose to 55 cents from 47 cents

Revenue increased to $3.28 billion from $2.55 billion.

For 2012, eBay raised its 2012 adjusted earnings forecast by 5 cents a share and lifted its full-year revenue target by $100 million, calling for a profit of $2.30 to $2.35 a share with revenue between $13.8 billion and $14.1 billion. The midpoints of both forecasts surpass the average analyst estimates on Thomson Reuters.

For the second quarter, eBay projected profits between 53 cents and 55 cents a share on $3.25 billion to $3.35 billion of revenue. As has been the case in recent quarters, the quarterly outlook appears light in comparison to Wall Street estimates. Analysts polled by Thomson Reuters were projecting a profit of 54 cents a share on revenue of $3.36 billion.

In January, EBay projected a first-quarter profit between 50 cents and 51 cents a share with $3.05 billion to $3.15 billion of revenue. Those numbers were below analysts' average estimates at the time.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; [email protected]

--George Stahl contributed to this report.

Stocks mentioned in the article : eBay Inc, Amazon.com, Inc.
Stocks mentioned in the article
ChangeLast1st jan.
EBAY -1.47% 41.58 Delayed Quote.11.82%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EBAY
04/22Amazon to double down on groceries; foray deeper into fresh produce in India
RE
04/22‘We Can’t Give the Tax Away’
AQ
04/20EBAY INC : quaterly earnings release
04/18EBAY : soars on Morgan Stanley "Double Upgrade"
AQ
04/17EBAY : Fee Changes for Listings in Multiple Categories Delayed
PU
04/14Supreme Court case could make sales tax-free e-commerce sites tougher to find
AQ
04/13Trade war or not, China is closing the gap on U.S. in technology IP race
RE
04/13WAL MART STORES : Walmart is in advanced talks to acquire Amazon's India rival F..
AQ
04/12EXCLUSIVE : Walmart close to buying majority of India's Flipkart
RE
04/10EBAY : New Listing Requirements Are Expanding to Additional Categories
PU
More news
News from SeekingAlpha
04/21STOCKS TO WATCH : Earnings Blockbusters And Trump Talks Drug Prices 
04/18PREMARKET GAINERS AS OF 9 : 05 am (04/18/2018) 
04/18Rally for eBay after Morgan Stanley two-notch lift 
04/16PAYPAL : Bitcoin An Opportunity Not A Threat 
04/11BEST E-COMMERCE STOCK : Amazon Vs. eBay 
Financials ($)
Sales 2018 11 000 M
EBIT 2018 3 059 M
Net income 2018 1 760 M
Debt 2018 5 622 M
Yield 2018 -
P/E ratio 2018 24,10
P/E ratio 2019 20,51
EV / Sales 2018 4,39x
EV / Sales 2019 3,93x
Capitalization 42 710 M
Chart EBAY
Duration : Period :
eBay Technical Analysis Chart | EBAY | US2786421030 | 4-Traders
Technical analysis trends EBAY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 48,7 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Chairman
Wendy Jones Senior Vice President-Global Operations
Scott F. Schenkel Chief Financial Officer & Senior VP-Finance
Stephen Fisher Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
EBAY11.82%42 710
ALIBABA GROUP HOLDING3.87%458 734
JD.COM-9.61%53 314
MERCADOLIBRE3.12%14 329
SHOPIFY INC (US)25.53%12 705
RAKUTEN INC-25.35%10 385