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eBay Reports Positive Q1 Financial Data

Weak forecast appears to doom stock, though

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eBay has released its first-quarter earnings report, and there’s good news for the company’s fans: it beat most analysts’ estimates.  The bad news for fans (and especially shareholders) is that eBay’s stock has nonetheless fallen 8.14 percent in after-hours trading, possibly due to a weak forecast.

eBay

In fairness to eBay, Google and Yahoo suffered similar fates after making positive Q1 reports of their own.  Also, eBay’s forecasts weren’t awful; the company just expects revenue for all of 2010 to fall in the $8.80 billion to $9.10 billion range, whereas experts would like to see $9.12 billion.

So let’s move on to the success stories.  eBay reported $2.20 billion in revenue, which is a little bit better than the anticipated $2.19 billion, and it beat earnings per share estimates by a similar margin (reporting $0.42 versus $0.41).

The company recorded a year-over-year increase in total payment volume of 35 percent, too, even though a gain of just 33 percent was predicted.

CEO and President John Donahoe observed as a result, "Our first quarter results reflect another strong step toward achieving our three-year growth and profitability goals."

eBay now simply needs to work on repeating that step a few more times for the sake of not losing too many investors.

eBay Reports Positive Q1 Financial Data


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  • http://powersellingmom.com Danna Crawford

    I had to say THANK YOU for reporting the news with a positive tone. I am so tired of people reporting news with a drama and negative spin. Only leaves a bad taste in the mouth of the readers. Your article was refreshing with facts.
    In all “fairness!” ((smiles))
    Keep up the good work!

    • Guest

      “refreshing” doesn’t necessarily stand for “facts” when speaking of ebay, donna. lol
      people hate ebay for valid reasons, get over it, sweetie.

  • http://www.bodyshave.yolasite.com Body Shave

    Thanks For the intersting News

  • http://hubpages.com/hub/Ebay-alternative-selling-sites C

    I would say ebay has put a significant relaxation on what people sell, but still it wont be anything over the next few years, compared to the alternatives here:

    http://hubpages.com/hub/Ebay-alternative-selling-sites

    With all the other seller sites, social media is everywhere, but the best ebay got is email a link? lol

  • Guest

    There is one thing that people always forget about when this type of reports are announced, the fact that some companies such as eBay, paypal or banks report more sales or earnings is that in most cases is due to the number of users is growing. That is all, is not because is a better service or a better company. eBay is a perfect demo of bad management and is funny how they show off so proud of the first q earnings. Changing the strategies so often and allowing abusive claims that can only benefit paypal ( eBay ) so they can hold more claims money for longer is just no way of doing business. Most of the earnings are the money that paypal holds for months from honest sellers or even buyers and by the way, money on hold which produces lots of interest not reported to the IRS. Another “Too Big To Fail Company?” I say, we are too many to fail.

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