eBay Looking Good Enough (EBAY)

eBay Inc. (NASDAQ: EBAY) looks mixed on the reaction despite the positive headline data.  The online auction monopoly posted $0.44 non-GAAP EPS on $2.37 billion in revenues.  Thomson Reuters had estimates at $0.40 EPS and $2.29 billion in revenues.  The guidance would be taken as mixed here by our count considering its move of the last year, yet it is being well received by the traders.

The company sees next quarter’s non-GAAP earnings at $0.39 to $0.41 EPS on revenues at $2.1 to $2.2 billion for the next quarter.  Estimates are $0.40 EPS and $2.16 billion in revenues.

For 2010 it sees earnings at $1.63 to $1.68 non-GAAP EPS on revenues of $8.8 to $9.1 billion in revenues.  Estimates are $1.60 EPS and $9.03 billion in revenues.

We can spend a lot of time breaking down more internal numbers here from the marketplaces unit and then from other operations, but there is not really a reason to do so.  The revenues outside of the Skype were up 19% and the company boasts 81 million active registered users at year-end. Despite a near-125% rally from the 2009 lows, this report is being taken as a ‘good enough’ report by traders.

Shares closed down 4.4% at $22.23 in regular trading and the stock is getting half of its losses back in after-hours trading so far.  Shares are up 2.1% at $22.68 in the after-hours reaction so far.

JON C. OGG