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eBay delivers upbeat guidance, Q4 results top estimates; unveils $2B stock buyback

February 27, 2024 4:37 PM EST

Investing.com -- eBay reported Tuesday better-than-expected earnings guidance and fourth-quarter results that topped Wall Street estimates despite navigating a "challenging" macroeconomic environment.

For the three months ended Dec. 31, the e-commerce company reported adjusted EPS of $1.07 on revenue of $2.6B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $2.51B.

Gross merchandise volume, a key performance metric, was $18.6B, down 2% despite "navigating a challenging macroeconomic environment," the company said.

For Q1, the e-commerce platform guided adjusted EPS in a range of $1.19 to $1.23 on revenue of $2.50B to $2.54B. That compared with Wall Street estimates for adjusted EPS of $1.13 on revenue of $2.53B.

The company also announced an additional $3B stock buyback program and increased its quarterly dividend for Q1 by 8% to $0.27 per share.


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