18-04-2013, 02:53 PM
19% increase in net income YoY for a company with billion $ sales per quarter, is falling short of estimates... Wow, the expectation is pretty high...
EBay reports gains of S$4.6 billion, falling short of Wall St estimates
NEW YORK — In first quarter financial results released yesterday, eBay reported revenue of US$3.7 billion (S$4.6 billion), up 14 per cent from a year earlier, and net income of US$677 million, or 51 US cents a share, a 19 per cent increase from a year earlier.
“We had a strong first quarter, with accelerating user growth across both Marketplaces and PayPal,” said eBay President and Chief Executive John Donahoe.
But the results, as well as second-quarter forecasts, fell short of expectations, causing the stock to fall a few points in after-hours trading. EBay forecast a second-quarter profit of 61 to 63 US cents a share and revenue of US$3.8 billion to US$3.9 billion. Analysts were looking for earnings of 66 US cents a share on revenue of US$3.95 billion, according to Reuters.
http://www.todayonline.com/tech/ebay-rep...-estimates
EBay reports gains of S$4.6 billion, falling short of Wall St estimates
NEW YORK — In first quarter financial results released yesterday, eBay reported revenue of US$3.7 billion (S$4.6 billion), up 14 per cent from a year earlier, and net income of US$677 million, or 51 US cents a share, a 19 per cent increase from a year earlier.
“We had a strong first quarter, with accelerating user growth across both Marketplaces and PayPal,” said eBay President and Chief Executive John Donahoe.
But the results, as well as second-quarter forecasts, fell short of expectations, causing the stock to fall a few points in after-hours trading. EBay forecast a second-quarter profit of 61 to 63 US cents a share and revenue of US$3.8 billion to US$3.9 billion. Analysts were looking for earnings of 66 US cents a share on revenue of US$3.95 billion, according to Reuters.
http://www.todayonline.com/tech/ebay-rep...-estimates
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