eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021.
David Paul Morris | Bloomberg | Getty Photographs
Stocks of eBay slid up to 11% in prolonged buying and selling Wednesday after the web market posted its fourth-quarter income and gave steering for the primary quarter that fell wanting Wall Side road’s expectancies.
Here is how the corporate did as opposed to Refinitiv consensus expectancies for the quarter:
- EPS: $1.05 in keeping with proportion ex-items, as opposed to 99 cents anticipated
- Income: $2.61 billion, as opposed to $2.61 billion anticipated.
EBay predicted first-quarter income would are available in between $2.43 billion and $2.48 billion, representing a decline of seven% to five% yr over yr, whilst analysts had on moderate anticipated income of $2.61 billion, in keeping with FactSet.
The corporate mentioned it expects $1.01 to $1.05 in adjusted income in keeping with proportion within the first quarter, which used to be beneath consensus estimates of $1.08 in keeping with proportion, in keeping with FactSet.
The disappointing steering overshadowed eBay’s better-than-expected income for the fourth quarter. The corporate posted income in keeping with proportion of $1.05, adjusted. Analysts polled by way of Refinitiv had anticipated 99 cents in keeping with proportion.
Income used to be $2.61 billion, in step with Wall Side road’s estimates.
Annual energetic consumers declined 9% all through the quarter to 147 million, neatly wanting the 156 million energetic consumers forecast by way of analysts, in keeping with FactSet. Annual energetic dealers additionally slid 8% to 17 million.
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