Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  EBay Inc    EBAY

EBAY INC (EBAY)

Delayed Quote. Delayed  - 07/25 10:00:00 pm
30.68 USD   +0.62%
07/23 EBAY : Reports Second Quarter 2016 Results
07/23 EBAY : Completes the Acquisition of SalesPredict
07/22DJPayPal Shares Slide on Visa Deal
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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, stu.woo@wsj.com

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
07/23 EBAY : Reports Second Quarter 2016 Results
07/23 EBAY : Completes the Acquisition of SalesPredict
07/22DJPayPal Shares Slide on Visa Deal
07/22DJPayPal Strikes Partnership With Visa on Smartphone Payments -- WSJ
07/22 PayPal seeks to extend reach with Visa tie-up
07/21DJPayPal Strikes Partnership With Visa, Posts 15% Rise in Revenue
07/21DJPayPal Strikes Partnership With Visa
07/20DJEBAY : Posts Second Straight Quarter of Sales Gains
07/20DJEBAY : Posts Second Straight Quarter of Sales Gains -- Update
07/20 EBAY INC. : Reports Second Quarter 2016 Results
More news
Sector news : E-commerce & Auction Services
07/25DJYAHOO : Google Took Different Approaches Than Yahoo
07/25DJVERIZON COMMUNICATIONS : Meet the Verizon Woman Behind the Yahoo Deal
07/25DJADRs End Lower; Philips Rises
07/25DJVERIZON COMMUNICATIONS : 6 Questions Marketers Have for AOL-Owner Verizon as It ..
07/25DJVERIZON COMMUNICATIONS : 6 Questions Marketers Have for AOL-Owner Verizon as It ..
More sector news : E-commerce & Auction Services
News from SeekingAlpha
07/23 It's The Volatility, Stupid
07/23 Climb Every Mountain. Or Not.
07/22 Why Companies Overpay For Acquisitions
07/22 EBAY : There Is Further Upside
07/21 eBay +12% after posting Q2 report
Advertisement
Financials ($)
Sales 2016 8 938 M
EBIT 2016 2 794 M
Net income 2016 1 872 M
Finance 2016 2 554 M
Yield 2016 -
P/E ratio 2016 18,45
P/E ratio 2017 16,68
EV / Sales 2016 3,57x
EV / Sales 2017 3,38x
Capitalization 34 424 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 31,1 $
Spread / Average Target 2,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Non-Executive Chairman
Wendy Jones 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 INC10.95%34 424
ALIBABA GROUP HOLDING ..3.96%208 659
JD.COM INC(ADR)-32.06%31 869
RAKUTEN INC-16.50%15 669
MERCADOLIBRE INC34.90%6 811
USS CO., LTD.-2.64%5 128
More Results