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
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.