eBay Earnings: Exceeds Estimates on Double-Digit Revenue Growth
“eBay mobile finished the year with $13 billion in volume – more than double the prior year – and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year. In 2013, we expect each to exceed $20 billion.”
Revenue increased 17.51% from $3.4 billion in the previous quarter. Net income increased 55.28% from $597 million in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.63 and has not changed. For the current year, the average estimate has moved up from a profit of $2.34 to a profit of $2.35 over the last ninety days.
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(Company fundamentals provided by Xignite Financials.)