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EBay Stock Sinks After the Company Gives Disappointing Guidance

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EBay gave first-quarter earnings and revenue guidance that fell short of Wall Street’s expectations.

Here's how the company did versus Refinitiv consensus expectations for the quarter:$2.61 billion, versus $2.61 billion expected.

EBay predicted first-quarter revenue would come in between $2.43 billion and $2.48 billion, representing a decline of 7% to 5% year over year, while analysts had on average expected revenue of $2.61 billion, according to FactSet. The company said it expects $1.01 to $1.05 in adjusted earnings per share in the first quarter, which was below consensus estimates of $1.08 per share, according to FactSet.

The disappointing guidance overshadowed eBay's better-than-expected earnings for the fourth quarter. The company posted earnings per share of $1.05, adjusted. Analysts polled by Refinitiv had expected 99 cents per share.

 

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