EBay: Q4 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — EBay Inc. (EBAY) on Wednesday reported fourth-quarter profit of $528 million.
The San Jose, California-based company said it had net income of $1.15 per share. Earnings, adjusted for one-time gains and costs, were $1.41 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The e-commerce company posted revenue of $2.97 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.88 billion.
For the year, the company reported profit of $2.03 billion, or $4.34 per share. Revenue was reported as $11.1 billion.
For the current quarter ending in March, eBay expects its per-share earnings to range from $1.53 to $1.59.
The company said it expects revenue in the range of $3 billion to $3.05 billion for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at https://www.zacks.com/ap/EBAY