eBay Reports Positive Q1 Financial Data

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 tha...
eBay Reports Positive Q1 Financial Data
Written by
  • 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.

    Get the WebProNews newsletter delivered to your inbox

    Get the free daily newsletter read by decision makers

    Subscribe
    Advertise with Us

    Ready to get started?

    Get our media kit