eBay Inc (EBAY) Releases Earnings Results, Beats Expectations By $0.02 EPS

eBay Inc (EBAY) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.45. The company posted revenue of $2137.00 million in the period, compared to analysts expectations of $2081.10 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on eBay Inc. eBay Inc was Downgraded by Morgan Stanley to ” Underweight” on Apr 19, 2016. Shares were Downgraded by Barclays on Mar 29, 2016 to ” Underweight” and Lowered the Price Target to $ 25 from a previous price target of $28 .Shares were Reiterated by Axiom Capital on Feb 16, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $34 .

eBay Inc closed down -0.29 points or -1.17% at $24.4 with 1,06,39,604 shares getting traded on Friday. Post opening the session at $24.61, the shares hit an intraday low of $24.37 and an intraday high of $24.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 4, 2016, Paul S Pressler (director) purchased 4,180 shares at $23.94 per share price. According to the SEC, on Mar 1, 2016, Raymond J Pittman (SVP, Chief Product Officer,) sold 78,537 shares at $24.33 per share price. On Feb 18, 2016, Thomas J Tierney (director) sold 8,000 shares at $23.04 per share price, according to the Form-4 filing with the securities and exchange commission.

eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Company’s segments include Marketplaces and Payments. The Company’s Marketplaces segment includes its ebay.com platform and its localized counterparts as well as other online platforms such as its online classifieds sites and StubHub. The Company’s Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula BilBasen dba.dk eBay Classifieds (eBay Classifieds eBay Kleinanzeigen and eBay Annunci) Gumtree Kijiji iBazar 2dehands.be 2ememain.be LoQUo Marktplaats.nl and mobile.de. It also offers trust and safety programs including PayPal’s Seller Protection and Purchase Protection Programs through its PayPal. It offers mobile applications for iPhone iPad Android and Windows mobile devices.

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