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eBay Shares Climb on Strong Q4 Results (EBAY)

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EBAYShares of eBay Inc. (NASDAQ: EBAY) rose sharply in trading on Thursday after the San Jose, California-based company announced its fourth-quarter financial results.

eBay shares rose to an intra-day high of $31.94 before finishing the day 3.86% higher at $31.51 on above average volume of 24.83 million.


For the fourth quarter ended December 31, 2011 eBay reported revenue of $3.4 billion, representing an increase of 35% over the same period in the previous year. The company’s GAAP net income for the fourth quarter of 2011 was $2 billion, or $1.51 per share. On a non-GAAP basis, the company’s net income for the quarter was $788.6 million, or $0.60 per share.

For the full year 2011, eBay reported revenue of $11.7 billion, representing an increase of 27% over 2010. The company’s GAAP net income for 2011 was $3.2 billion, or $2.46 per share, while its non-GAAP net income was $2.7 billion, or $2.03 per share.

eBay’s PayPal business continued to expand its leadership position in global payments, ending the quarter with 106.3 million active registered accounts. PayPal’s revenue for the quarter rose 28% on a year-over-year basis.

John Donahoe, President and CEO of PayPal, said that the company had a strong quarter finish to an excellent year, increasing its confidence in its three-year outlook. Donahoe said that across eBay, PayPal, GSI and X commerce, the company has a robust portfolio of global commerce platforms and innovative mobile, local and social commerce technology assets.

Donahoe said that the company is well-positioned to compete in the emerging new retail environment, and to help retailers of all sizes grow and engaged their customers anytime, anywhere.

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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