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EBay: 4Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ EBay Inc. (EBAY) on Tuesday reported fourth-quarter profit of $556 million.

On a per-share basis, the San Jose, California-based company said it had profit of 69 cents. Earnings, adjusted for one-time gains and costs, came to 81 cents per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The e-commerce company posted revenue of $2.82 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $2.81 billion.

For the year, the company reported profit of $1.79 billion, or $2.09 per share. Revenue was reported as $10.8 billion.

For the current quarter ending in April, eBay expects its per-share earnings to range from 70 cents to 73 cents.

The company said it expects revenue in the range of $2.55 billion to $2.6 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $2.66 billion.

EBay expects full-year earnings in the range of $2.95 to $3.05 per share, with revenue ranging from $10.72 billion to $10.92 billion.

EBay shares have increased slightly since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 1%. In the final minutes of trading on Tuesday, shares hit $36.21, an increase of slightly more than 6% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at https://www.zacks.com/ap/EBAY