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eBay

Commerce


EBay’s first-quarter earnings came in slightly ahead of analyst expectations, but the stock was down nearly four percent in after-hours trading on disappointing guidance.

The company recorded earnings per share, excluding some items, of 70 cents in the first quarter on revenue of $4.26 billion. Analysts had been expecting earnings per share of about 67 cents on $4.23 billion in revenue.

Looking ahead, though, eBay forecast second-quarter earnings of 67 cents to 69 cents, excluding some items, compared to analyst expectations of 70 cents.

EBay also said it planned to move $6 billion of overseas profits back to the U.S. If and when it does so, the company will pay approximately $3 billion in taxes.

The company repurchased $1.8 billion of common stock in the first quarter, leaving $3.8 billion of the approved stock repurchase plan remaining.

I’ll be updating this post during and after the company’s call with analysts.




1 comments
rtyan
rtyan

Buyer fraud is rampant on eBay and scaring off sellers..... it's way too easy for buyers to cheat sellers and even casual users can see the deterioration in the quality of product offerings on the site because of it.


The company has the tools to identify the cheats who use multiple screen names and abuse the chargeback system to stem the fraud, but they choose not to.... probably because on the short term the crooks actually make them money and puff up sales numbers.


It is time to enact measures that protect sellers from fraud the same way they clamped down on seller fraud a few years ago....I doubt they'll do it and eBay is quickly becoming a site of nothing but cheap Chinese cell phone accessories ....Not much of a business model going forward....

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