eBay Earnings: Here’s Why Investors are Not Excited Now
eBay Inc. (NASDAQ:EBAY) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.32%.
eBay Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.55% to $0.63 in the quarter versus EPS of $0.55 in the year-earlier quarter.
Revenue: Rose 14.37% to $3.75 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: eBay Inc. reported adjusted EPS income of $0.63 per share. By that measure, the company beat the mean analyst estimate of $0.62. It missed the average revenue estimate of $3.77 billion.
Quoting Management: “We had a strong first quarter, with accelerating user growth across both Marketplaces and PayPal, and with GSI enabling their retail clients to grow faster than ecommerce,” said John Donahoe, eBay Inc. President and CEO. Technology is creating a commerce revolution, and we are in the forefront with strong mobile leadership and a focus on helping retailers and brands engage consumers anytime, anywhere.”
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