eBay Inc (EBAY) Releases Earnings Results, Beats Expectations By $0.01 EPS

eBay Inc (EBAY) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. EBAY said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.44. The company posted revenue of $2217.00 million in the period, compared to analysts expectations of $2185.30 million. EBAY’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on eBay Inc. Company shares were Reiterated by Monness Crespi & Hardt on Oct 18, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by The Benchmark Company on Oct 17, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .Wedbush Resumed eBay Inc on Oct 13, 2016 to “Neutral”, Price Target of the shares are set at $34.

eBay Inc opened for trading at $31.82 and hit $32.24 on the upside on Friday, eventually ending the session at $31.89, with a gain of 1.21% or 0.38 points. The heightened volatility saw the trading volume jump to 1,43,92,280 shares. Company has a market cap of $36,004 M.

In a different news, on Sep 2, 2016, Jae Hyun Lee (SVP, Asia Pacific) sold 16,559 shares at $31.85 per share price. According to the SEC, on Sep 1, 2016, Raymond J Pittman (SVP, Chief Product Officer) sold 39,030 shares at $32.14 per share price. On Sep 1, 2016, Robert Holmes Swan (director) sold 50,000 shares at $31.95 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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