ADVFN - Advanced Financial Network.
HOME» NASDAQ » E » EBAY Stock Price » EBAY Stock News

Ebay Inc. Share News

 Ebay Inc. (mm) Stock Price
EBAY Stock Price
 Ebay Inc. (mm) Stock Chart
EBAY Stock Chart
 Ebay Inc. (mm) Stock News
EBAY Stock News
 Ebay Inc. (mm) Company Information
EBAY Company Information
 Ebay Inc. (mm) Stock Trades
EBAY Stock Trades

EBay Net Surges on Stronger PayPal Revenue

EBay Inc.'s (EBAY) second-quarter profit soared as the e-commerce retailer continued to see strength in its PayPal payments business and a turnaround at its auction website. EBay projected third-quarter adjusted earnings between 53 cents and 55 cents a share on $3.3 billion to $3.4 billion in revenue. Analysts polled by Thomson Reuters most recently expected 55 cents and $3.42 billion, respectively. It also reaffirmed its full-year guidance. Shares were up 4.2% to $42.16 after hours. The stock last month hit a five-year high and is still up 33% so far this year through the close. While its revenue-growth rate has trailed that of rival Amazon.com Inc. (AMZN), eBay has seen positive signs from its turnaround efforts, as it has worked to remove clutter from its website, improve its search engine and promote fixed-price sales and free-shipping offers. The marketplaces segment--eBay's largest division--posted 9.1% higher revenue. Gross merchandise volume, the total value of goods sold on the website, grew 10%, excluding vehicle sales. PayPal, which is on track to become eBay's largest business, has made significant inroads in payments made via mobile devices and is moving into payments for brick-and-mortar stores, helping eBay tap into the larger network of sales at traditional retail locations. Revenue in the payments segment, which includes PayPal, continued to grow, posting a 26% increase. Overall, eBay reported a profit of $692 million, or 53 cents a share, up from $283 million, or 22 cents a share, a year earlier. Excluding stock-based compensation and other items, per-share earnings rose to 56 cents from 48 cents. Net revenue increased 23% to $3.4 billion. EBay's guidance in April called for a per-share adjusted profit between 53 cents and 55 cents with $3.25 billion to $3.35 billion in revenue. Gross margin narrowed to 71% from 72%. Write to Ben Fox Rubin at ben.rubin@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Ebay Inc. (EBAY)
DateTimeHeadline
06/22/201616:38:35Initial Statement of Beneficial Ownership (3)
06/21/201618:32:00EBay Names Lyft CEO to Board -- Update
06/21/201618:30:00EBay Names Lyft CEO to Board
06/21/201618:20:00EBay Names Lyft CEO to Board
06/21/201616:36:27Current Report Filing (8-k)
06/21/201609:00:00eBay Launches the “Summer of Choice,” Letting Americans Vote for...
06/17/201619:54:18Statement of Changes in Beneficial Ownership (4)
06/17/201619:51:31Statement of Changes in Beneficial Ownership (4)
06/17/201619:47:08Statement of Changes in Beneficial Ownership (4)
06/17/201619:43:34Statement of Changes in Beneficial Ownership (4)
06/17/201605:29:00Podcast Companies Experiment With Sponsored Content
06/16/201603:03:00Alibaba's Knockoff Vows Spark Disbelief -- WSJ
06/15/201614:22:00Alibaba Faces Backlash Over Promises on Counterfeits -- Update
06/15/201612:20:00Alibaba Under Fire From Global Brands Over Counterfeits
06/15/201612:07:00Alibaba Under Fire From Global Product Brands Over Counterfeits
06/14/201601:30:00Alibaba's Ma Downplays Closely Watched Sales Metric
06/09/201617:24:23Statement of Changes in Beneficial Ownership (4)
06/06/201610:00:00StubHub Partners With CBS RADIO New York to Present the StubHub...
06/03/201608:08:00Summer 2016 Travel Related News Releases and Story Ideas for...
06/02/201617:40:00Gawker CEO Hits Back at Peter Thiel for Funding 'Vendetta' Lawsuit

Ebay Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad