News Formal

EBay Stock Sinks After the Company Gives Disappointing Guidance

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fatburger parent's stock craters after company discloses investigation into CEOFat Brands said it is cooperating with the investigation.
Source: CNBC - 🏆 12. / 72 Read more »