We just got earnings out of online auction giant eBay Inc. (NASDAQ: EBAY). The company posted $0.43 EPS (non-GAAP) and $2.2 Billion in revenues, which compares to First Call estimates of $0.41 EPS on $2.17 Billion in revenues.
The company gave guidance of $0.39 to $0.41 EPS and $2.1 to $2.15 Billion revenues and gave 2008 guidance of $1.72 to $1.77 EPS and $8.8 to $9.05 Billion revenues. First Call had estimates of $0.41 EPS and $2.18 Billion in revenues for next quarter and $1.74 EPS and $9.01 Billion in revenues for the full year.
It ended with $3.7 Billion in cash and equivalents at the end of the quarter and spent roughly $566 million to repurchase 19 million shares of common stock during the quarter. Operating cash flow in the quarter was $738 million and free cash flow was $617 million.
Many traders had high demands for the online auction giant but its shares closed up 4.5% at $28.10 on a strong day. Its shares are initially trading DOWN by 5% at $26.70 in after-hours trading and its 52-week trading range is $25.10 to $40.73.
Jon C. Ogg
July 16, 2008
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