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5 commentsWednesday, April 22, 2009

eBay Gives Investors Positive Q1 Surprise

Most year-over-year drops smaller than expected

It looks like eBay's managing the recession and its other problems better than most people expected it to.  The auction company issued its financial report on the first quarter of 2009 this afternoon, and although the numbers aren't good compared to last year's set, eBay did a solid job of beating analysts' estimates. 

eBay

Analysts thought eBay would report revenue in the range of $1.94 billion (down from $2.19 billion the same quarter last year).  eBay's sheets show a sum of $2.02 billion instead.  As for eBay's earnings per share, $0.34 was the forecast amount (compared to $0.42), and eBay reported $0.39.

CEO John Donahoe also said in a statement, "We . . . moved aggressively to strengthen our portfolio for longer-term growth.  With a macroeconomic environment that remains challenging, we are focused on operating discipline and strong execution of our three-year growth priorities in our core ecommerce and online payments businesses."

Investors seem to be almost overjoyed, sending the eBay's stock up 8.07 percent so far in after-hours trading.

Still, eBay does face some big challenges, including seller discontent and competition from Amazon.  These issues may have contributed to its auction business declining by 18 percent (as measured in terms of revenue) since the first quarter of 2008.

News Tags: John Donahoe, eBay, Financial
About the author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

ebay earnings

Thats alot of fees to collect in three months! I cant understand why people are still paying ebay and paypal all that money? Think about it 2 BILLION in only three months. Wow! Thats one hell of an incentive for someone to come along and give sellers a better place to sell and take some of that big slice of pie away from ebay. And thats just whats starting to happen. Sellers are finding better places online to sell. More and more acution sites and estores are popping up every day.
I think all the out of work people selling stuff to get some needed cash may have helped ebay. But at some point out of work people are going to run out of things to sell. I would bet the number of full time long term sellers has gone down.

ebay earnings

I was a long term full time power seller on ebay. Ebay needs to make changes. But Ebay dont want to make the changes it needs to make. Thats why I quit ebay and found a better place to sell. I now have my own website where I sell my products and Amazon products, that means I also make money off other peoples auctions. Plus I can list all the products of my own that I want, (I do not have to list them with Amazon) I just put them up on my own website. I can also put all the affiliate links banners and digital products that I want on MY webpage and I get paid for it not Ebay. I have my own domain name so Iam building my own brand name and customer base. It was a turnkey website setup and ready to go when I started it, but with the online editor you get with it you dont need to know HTML or any programing to add your own products,banners, affiliate links, or digital products. I can change the site to look anyway I want its very easy to do. And I offer my costomers Free online games,news ,weather, sports and more. All for $20 a month. So why pay crazy Ebay and paypal fees when you can have all of this? And amazon will pay you to sell other peoples poducts along side yours and you dont have to list anything on amazon if you dont want to? This is an easy and fast way to quit ebay. I dont own this website service. I just want to help people find some place better than ebay to sell. If you want to do what alot of sellers are doing and get your own website just click this link.... http://www.durashopping.com/new

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