EBay earnings Q4 2021

eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021.

David Paul Morris | Bloomberg | Getty Images

Shares of eBay slid as much as 11% in extended trading Wednesday after the online marketplace posted its fourth-quarter earnings and gave guidance for the first quarter that fell short of Wall Street’s expectations.

Here’s how the company did versus Refinitiv consensus expectations for the quarter:

  • EPS: $1.05 per share ex-items, versus 99 cents expected
  • Revenue: $2.61 billion, versus $2.61 billion expected.

EBay predicted first-quarter revenue would come in between $2.43 billion and $2.48 billion, representing a decline of 7% to 5% year over year, while analysts had on average expected revenue of $2.61 billion, according to FactSet.

The company said it expects $1.01 to $1.05 in adjusted earnings per share in the first quarter, which was below consensus estimates of $1.08 per share, according to FactSet.

The disappointing guidance overshadowed eBay’s better-than-expected earnings for the fourth quarter. The company posted earnings per share of $1.05, adjusted. Analysts polled by Refinitiv had expected 99 cents per share.

Revenue was $2.61 billion, in line with Wall Street’s estimates.

Annual active buyers declined 9% during the quarter to 147 million, well short of the 156 million active buyers forecast by analysts, according to FactSet. Annual active sellers also slid 8% to 17 million.

WATCH: Because of scarcity, people have been turning to eBay, says CEO Jamie Iannone

Source link

Products You May Like

Leave a Reply

Your email address will not be published.

Get The Best Financial Tips
Straight to your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Slot Anti Rungkad

https://codanceacademy.com/

https://www.primedisplays.com.br/

https://www.jfpet.com.br/