eBay Inc. (NASDAQ: EBAY) is out with earnings for its fourth quarter. The online auction giant (and PayPal winner) turned in earnings of $0.60 EPS on sales of growth of 35% to $3.4 billion. Thomson Reuters had earnings estimates of $0.57 EPS and $3.32 billion in revenues. This report offers something for everyone, bulls and bears alike.
The guidance for the quarter ahead is sales of $3.05 to $3.15 billion and on non-GAAP earnings of $ 0.50 to $0.51 EPS. That is a tad light against estimates of $0.54 EPS and $3.16 billion in revenues.
Guidance for all of 2012, a way-out look ahead, is being put in a revenue range of $13.7 billion to $14 billion and non-GAAP earnings in the range of $2.25 to $2.30 EPS. The consensus targets are $2.31 EPS on $13.66 billion in sales.
That stock chart noted in our preview may explain more of the post-earnings trading as eBay’s 50-day moving average is $30.54 and the 200-day moving average is $31.19.
eBay shares closed down 0.6% at $30.34 and shares are trading up around $30.65 in the after-hours session ahead of the conference call versus a 52-week range of $26.86 to $35.35.
JON C. OGG
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