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Shares of eBay slid as much as 11% in extended trading Wednesday after the online marketplace posted its fourth-quarter earnings and gave guidance for the first quarter that fell short of Wall Street’s expectations.
Here’s how the company did versus Refinitiv consensus expectations for the quarter:
- EPS: $1.05 per share ex-items, versus 99 cents expected
- Revenue: $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…
Source cnbc.com
