|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||36.04 - 36.79|
|52 Week Range||26.01 - 42.18|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||14.37|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.56 (1.51%)|
|1y Target Est||37.48|
eBay is out with earnings after hours. The online marketplace posted first quarter adjusted earnings per share of 67 cents, versus the 63 cent estimated, with sales of $2.643 billion against a $2.58-billion estimate. Yahoo Finance's Jen Rogers, Myles Udland, Ines Ferre and Seana Smith report.
As eBay continues to work through a restructuring strategy, the e-commerce marketplace and online auction pioneer reported earnings for the first quarter of the year that should keep some of the more activist shareholders a little at bay. The company reported revenues of $2.6 billion and non-GAAP net income of $608 million, or diluted earnings per share of $0.67 ($0.57 EPS on a GAAP basis). "We delivered a solid first quarter with revenue and EPS," said Devin Wenig, president and CEO of eBay Inc., in a statement.
Stock futures were steady amid a wave of earnings from Snap, Texas Instruments, eBay, iRobot and more. Texas Instruments signaled that a chip downturn may last longer than expected.
The company, facing intense competition from Amazon.com Inc and Walmart Inc, has focussed on its promoted listings programme and payments business, as well as worked to make its platform simpler to use through the introduction of grouped listings and personal recommendations. More than 800,000 active sellers took advantage of the promoted listings in the first quarter, helping more than double advertising revenue to over $65 million, the company said. Chief Executive Officer Devin Wenig on a post-earnings call reiterated that the company was reducing third-party ads that are not accretive and remained on track toward a $1 billion advertising revenue opportunity.
Check out the companies making headlines after the bell:Shares of Snap SNAP soared as much as 10%, before paring gains to trade just 1% up, in extended trading Tuesday following the release of the company's strong first-quarter earnings .
As EBay struggles to compete with Amazon.com Inc., Elliott Management Corp. and Starboard Value acquired stakes in the company and agitated for change. Elliott proposed a five-point plan to improve EBay’s performance, including the possible sale of tickets marketplace StubHub and its Classified Group. EBay shares have gained 30 percent this year since the investors jumped in.
The ecommerce giant topped estimates on quarterly revenue and earnings per share, reporting $2.6 billion in revenue and adjusted earnings of $0.67 per share, compared to the $2.58 billion and $0.63 anticipated by analysts for the quarter.
On a per-share basis, the San Jose, California-based company said it had profit of 57 cents. Earnings, adjusted for one-time gains and costs, were 67 cents per share. The results exceeded Wall Street expectations. ...
eBay (NASDAQ:EBAY) posted its latest quarterly earnings results late today, bringing in results that were stronger than what analysts projected on the revenue side of things, fueling EBAY stock after hours Tuesday.Source: Shutterstock The San Jose, Calif.-based online marketplace said that for its first quarter of its fiscal 2019, it brought in net revenue of $2.64 billion, which marked a 2.4% gain when compared to its sales during its first quarter of 2018. The figure was stronger than the Wall Street revenue guidance of $2.58 billion, according to data compiled by Refinitiv.The increase in revenue comes as eBay has been in the midst of a multi-year effort to improve the user-friendliness of its e-commerce platforms in order to bring in more customers. The business added that its net income for the period tallied up to $518 million, or 57 cents per share, a 27.3% increase when compared to the same period in 2018, when it amassed a profit of $407 million, or 40 cents per share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company also announced a review of its StubHub and eBay Classifieds businesses in March, adding that it will appoint two new directors to its board as it seeks to ease pressure from activist investors.EBAY stock is surging about 5.9% after the bell Tuesday off the heels of a strong quarterly performance that included an earnings beat. Shares had been up about 1.4% during regular trading hours in anticipation of the company's results. More From InvestorPlace * 5 Dividend Stocks Perfect for Retirees * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 10 High-Yielding Dividend Stocks That Won't Wilt Compare Brokers The post eBay Earnings: EBAY Stock Soars on Q1 Sales Beat appeared first on InvestorPlace.
PayPal Holdings heads into its first quarter earnings report as a somewhat controversial stock. UBS downgraded PayPal stock while Barclays and Morgan Stanley raised their price targets.
Shares of EBay Inc. rose more than 5% in the extended session Tuesday after the company reported a first-quarter adjusted profit above Wall Street expectations and raised earnings and sales guidance for the year. EBay said it earned $521 million, or 57 cents a share, in the quarter, compared with $407 million, or 40 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $608 million, or 67 cents a share, compared with $548 million, or 53 cents a share, a year ago. Revenue rose 2% to $2.64 billion, compared with $2.58 billion a year ago, the company said. Analysts polled by FactSet had expected EBay to report adjusted earnings of 63 cents a share on sales of $2.6 billion. EBay saw "healthy buyer growth and disciplined cost control," Chief Executive Devin Wenig said in a statement. The company gained "increased confidence in the year" and adjusted its guidance, Wenig said. EBay expects net revenue between $10.83 billion and $10.93 billion, which would represent growth between 2% and 3%, and non-GAAP earnings between $2.64 a share and $2.70 a share. Shares of EBay ended the regular trading day up 1.4%.
- Revenue of $2.6 billion - GAAP and Non-GAAP EPS per diluted share of $0.57 and $0.67 , respectively, on a continuing operations basis - GAAP and Non-GAAP operating margin of 23.0% and 29.8%, respectively ...
Investing.com - eBay (NASDAQ:EBAY) reported first quarter earnings that Beat analysts' expectations on Tuesday and revenue that topped forecasts.
Harley-Davidson Inc. just posted its slowest U.S. sales decline since December 2016, which qualifies as a win for the struggling motorcycle maker. This afternoon, eBay and Snap report earnings.
The dictionary is getting down to business. The 640 new words and definitions added to the online dictionary Merriam-Webster.com on Tuesday include economic and financial terms going mainstream, which “offer a window into how the English language is changing and expanding,” according to the press release. Business terms include “gig economy,” or the rising force of freelance and temporary workers, often doing side jobs, and overall, the on-demand work typically found in the service sector.
Earnings obsessed? Our call of the day urges investors to move past what will likely be an uninspiring quarter or two of corporate results, and start thinking about how to preserve their investment gains in a market that has already risen strongly this year.
EBay stock was trading flat Monday as the company prepares to report first-quarter earnings during a major review of business operations. Wall Street expects eBay revenue of $2.58 billion.