Inside EBAY’s Results
The company reported earnings of $939 million, or 75 cents per share, up from $850 million, or 65 cents per share, last year. Excluding special items, earnings were 90 cents per share – above analysts’ view of 89 cents.
Revenue increased to $4.92 billion from $4.53 billion in the year prior. Analysts expected to see revenue of $4.93 billion.
The company expects to see Q1 GAAP earnings between 37 cents and 43 cents per share and non-GAAP earnings between 68 cents and 71 cents per share. Revenue is expected to be between $4.35 billion and $4.45 billion. Analysts expect to see Q1 EPS of 76 cents and $4.70 billion in revenue.
For FY2015, GAAP earnings are expected to be between $2.17 and $2.32 per share.Non-GAAP earnings are expected to be between $3.05 and $3.15 per share. Revenue is expected to be between $18.60 billion and $19.10 billion. On average, analysts expect to see EPS of $3.26 and $19.97 billion in revenue.
eBay announced that it will cut about 2,400 jobs, or 7% of its workforce.
Future Spin-Offs in the Spotlight
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market||1.52%|
|FCNTX||Dodge & Cox Stock||1.32%|
|NYVTX||Vanguard 500 Index||0.99%|
The Bottom Line
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