eBay (EBAY) Edges Out Q3 EPS Views as PayPal Improves; Boosts FY12 Expectations
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Price: $54.40 -1%
EPS Growth %: +14.5%
Financial Fact:
Net income: 677M
Today's EPS Names:
NED, OESX, WSTL, More
EPS Growth %: +14.5%
Financial Fact:
Net income: 677M
Today's EPS Names:
NED, OESX, WSTL, More
Trade EBAY Now!
eBay (Nasdaq: EBAY) is ticking slightly lower in late trading following third-quarter results showing mixed results.
Revs rose 15 percent to $3.40 billion, from $2.97 billion in the same period last year. GAAP net income was $597 million, or 45 cents per share, a 22 percent gain over $491 million reported in Q311. Adjusting for one-time items and EPS was a more robust 55 cents.
Overall, the Street was looking for revs of $3.41 billion and EPS of 54 cents.
Top-line gains were led by eBay's PayPal segment, which showed a 23 percent incrase in revs on a 20 percent rise in total net payment volume to $35.16 billion. Accoring to eBay, "PayPal delivered a strong third quarter performance. It ended the quarter with 117.4 million active registered accounts, a 14% increase over the third quarter of 2011."
Looking ahead, eBay sees fourth-quarter EPS of 66 cents to 69 cents and revs of $3.85 billion to $4 billion. The Street was expecting EPS of 68 cents and revs of $3.94 billion.
For fiscal 2012, eBay expects revs of $13.95 billion to $14.1 billion and EPS of $2.32 to $2.35. Numbers compare with consensus revs of $14.03 billion and EPS of $2.34 and prior expectations calling for revs of $13.8 billion to $14.1 billion and EPS of $2.28 to $2.33.
Shares of eBay are down about 0.4 percent.
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Revs rose 15 percent to $3.40 billion, from $2.97 billion in the same period last year. GAAP net income was $597 million, or 45 cents per share, a 22 percent gain over $491 million reported in Q311. Adjusting for one-time items and EPS was a more robust 55 cents.
Overall, the Street was looking for revs of $3.41 billion and EPS of 54 cents.
Top-line gains were led by eBay's PayPal segment, which showed a 23 percent incrase in revs on a 20 percent rise in total net payment volume to $35.16 billion. Accoring to eBay, "PayPal delivered a strong third quarter performance. It ended the quarter with 117.4 million active registered accounts, a 14% increase over the third quarter of 2011."
Looking ahead, eBay sees fourth-quarter EPS of 66 cents to 69 cents and revs of $3.85 billion to $4 billion. The Street was expecting EPS of 68 cents and revs of $3.94 billion.
For fiscal 2012, eBay expects revs of $13.95 billion to $14.1 billion and EPS of $2.32 to $2.35. Numbers compare with consensus revs of $14.03 billion and EPS of $2.34 and prior expectations calling for revs of $13.8 billion to $14.1 billion and EPS of $2.28 to $2.33.
Shares of eBay are down about 0.4 percent.
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