Electronic information
Q1 eBay-than-expected profit growth of 22% of the key indicators are still weak
In Electronic Infomation Category: R | on November 1, 2010
EBay said, due to the weak dollar, first-quarter profit rose 22%, exceeding Wall Street expectations. eBay also raised expectations for this years performance.
According to foreign media reports, eBay said its first quarter net profit was 4.6 billion U.S. dollars, 34 cents per share on revenue of 21.9 billion U.S. dollars. eBay last year of the three figures are 377 million, 27 cents, 17.7 billion U.S. dollars. Including one-time items, including profit and AD6600AST datasheet and loss
, eBays net profit 562 million, earnings per share of 42 cents; a year earlier of these two figures were 4.6 billion dollars and AD6600AST price and 33 cents. Thomson Financials data, analysts expect eBays earnings per share of 39 cents a share on sales of 20.8 billion U.S. dollars.
EBay business in more than half from overseas, the dollar weakness in U.S. dollar terms increased the performance of eBay.
EBay also raised its expectations for 2008 performance. It expects revenue this year will be between 8.7 billion -90 billion U.S. dollars, earnings per share in the 1.35-1.4 dollars. Excluding one-time profit and AD6600AST suppliers and loss items, it expects earnings per share will be 170 million -1.75 million.
EBay said its first-quarter billion to repurchase 10 million shares for 3700.
EBay CEO John said in a statement, which is a quarter of strong growth performance, which is a manifestation of diverse strengths of our business. John said that stability and growth performance of the company gave him the confidence to implement reforms.
Compared with a year earlier, the number of items for auction on eBay increased by 10%. However, the growth rate of the number of active users from the same period last year fell 10% to 1%. Value of the goods sold in eBays growth rate from the same period last year fell 14% to 12%.
American Technology Research analyst Tim said, eBays overall performance is still not bad, but some key indicators of the weakness may be the harbinger of recession.
EBay also raised expectations for the second quarter. It expects revenue this quarter will be between 21-21.5 billion and earnings per share in the 30-32 cents. Profit or loss excluding one-time items, eBays earnings per share will be between 39-41 cents.