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 Inc    EBAY

EBAY INC (EBAY)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

WSJ: EBay Posts Higher Profits, Raises Full-Year Outlook

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2012 | 11:52pm CEST

(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)

 
   By Stu Woo 
   Of THE WALL STREET JOURNAL 
 

EBay Inc. (>> eBay Inc), in a sign that it is sustaining a turnaround, on Wednesday posted a 20% profit jump and a 29% revenue increase for its first quarter and upgraded its full-year earnings forecast.

The better-than-expected results affirmed Chief Executive John Donahoe's plan to revive the onetime Internet-retailing pioneer, which was in danger of becoming a dot-com has-been before sparking a comeback about a year ago.

While eBay's revenue-growth rate still trails that of rival Amazon.com Inc. (>> Amazon.com, Inc.), which reports its first-quarter earnings next week, the San Jose, Calif., company's double-digit sales increases are an improvement over the quarterly losses that came as recently as 2009.

Donahoe became eBay CEO in 2008 and at the time said he planned for a three-year turnaround. Since then, eBay has worked to remove clutter from its website, improve its search engine and promote fixed-price sales and free-shipping offers.

EBay's results over the first quarter were driven by healthy performances across its portfolio of businesses, which includes its online marketplace as well as the electronic-payments company PayPal. PayPal's revenue grew 32% from a year earlier to $1.3 billion, while revenue for the online marketplace rose 11% to $1.7 billion.

"What stuck out to me was not any one segment, but the fact that each of the business segments appears to be very healthy," said Colin Sebastian, an analyst with Robert W. Baird & Co.

The results sent eBay shares, which closed the day at $35.87, up 7.36% to $38.51 in after-hours trading.

In a conference call, Mr. Donahoe said, "We had a strong first quarter and an excellent start to the year."

The results follow a key executive departure in January, when PayPal president Scott Thompson left to become Yahoo Inc.'s (YHOO) CEO. PayPal last month promoted executive David Marcus to lead the business. Long the undisputed leader in processing online payments, PayPal this year plans to foray into processing payments at bricks-and-mortar stores, an ambitious endeavor that competitors such as Google Inc. (GOOG) are also undertaking.

EBay also raised its full-year outlook to $13.8 billion to $14.1 billion in sales and earnings of $1.91 to $1.96 per share. That was above its previous forecast, issued in January, of $13.7 billion to $14 billion in revenue and earnings of $1.76 and $1.81 per share.

In total, eBay said its net income for the first quarter totaled $570 million, or 44 cents a diluted share, up from $476 million, or 36 cents a diluted share, a year ago. Revenue was $3.27 billion, up from $2.55 billion a year earlier.

-By Stu Woo, The Wall Street Journal, [email protected]

Stocks mentioned in the article : eBay Inc, Amazon.com, Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EBAY INC
04/26 PayPal's profit, revenue beat on higher processing volumes
04/25 EBAY INC : Post Earnings Coverage as eBay's Quarterly Revenue up 4%; Gross Merch..
04/20 EBAY INC : Investor Focus Shifts to Earnings Season: Today's Research Reports on..
04/20DJDow Falls 118.79 Points, Weighed Down by IBM, Chevron -- WSJ
04/20 EBAY : second-quarter profit forecast falls short of estimates
04/19 EBAY INC. : Reports First Quarter 2017 Results
04/13 Gray market has become a necessary evil for luxury watchmakers
04/13 Gray market has become a necessary evil for luxury watchmakers
04/12 STUBHUB : Introduces New Social Tools To Make Planning, Organizing and Attending..
04/10DJMicrosoft, eBay, Tencent Invest $1.4 Billion in Amazon's India Rival -- Updat..
More news
Sector news : E-commerce & Auction Services
04/29 ALPHABET : Google gets Australian tax office demand to pay more, says to fight i..
04/29DJExxon, Chevron Earnings Point to Industry Recovery -- WSJ
04/29DJALPHABET : Google CEO Tops Other Alphabet Executives With $200 Million Pay
04/29 Apple, Tesla ask California to change proposed self-driving car test policy
04/29 Apple, Tesla ask California to change proposed self-driving car test policy
More sector news : E-commerce & Auction Services
News from SeekingAlpha
04/28 Etsy An Interesting Takeover Play As Q1 Earnings Loom
04/24 This Earnings Season Stinks - Or Does It?
04/21 The Bullish News Cycle - Cramer's Mad Money (4/20/17)
04/20 EBAY Q1 : Undervalued With Brightening Prospects
04/20 WALL STREET BREAKFAST : Is Crude In A Mood?
Advertisement
Financials ($)
Sales 2017 9 416 M
EBIT 2017 2 730 M
Net income 2017 2 204 M
Debt 2017 502 M
Yield 2017 -
P/E ratio 2017 16,36
P/E ratio 2018 18,56
EV / Sales 2017 3,89x
EV / Sales 2018 3,49x
Capitalization 36 161 M
More Financials
Chart EBAY INC
Duration : Period :
eBay Inc Technical Analysis Chart | EBAY | US2786421030 | 4-Traders
Full-screen chart
Technical analysis trends EBAY INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 35,2 $
Spread / Average Target 5,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Chairman
Wendy Jones Senior Vice President-Global Operations
Scott Schenkel Chief Financial Officer & Senior Vice President
Stephen Fisher Chief Technology Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
EBAY INC12.53%36 161
ALIBABA GROUP HOLDING ..31.53%285 743
JD.COM INC(ADR)37.85%49 818
RAKUTEN INC-0.48%14 655
MERCADOLIBRE INC46.61%10 108
SHOPIFY INC (US)77.16%6 790
More Results