eBay delivers upbeat guidance, Q4 results top estimates; unveils $2B stock buyback
Investing.com — eBay reported Tuesday better-than-expected earnings guidance and fourth-quarter results that topped Wall Street estimates despite navigating a «challenging» macroeconomic environment
eBay Inc (NASDAQ:EBAY) rose 5% in afterhours following the report.
For the three months ended Dec. 31, the e-commerce company reported adjusted EPS of $1.07 on revenue of $2.6B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $2.51B.
Gross merchandise volume, a key performance metric, was $18.6B, down 2% despite «navigating a challenging macroeconomic environment,» the company said.
For Q1, the e-commerce platform guided adjusted EPS in a range of $1.19 to $1.23 on revenue of $2.50B to $2.54B. That compared with Wall Street estimates for adjusted EPS of $1.13 on revenue of $2.53B.
The company also announced an additional $3B stock buyback program and increased its quarterly dividend for Q1 by 8% to $0.27 per share.
Read more on investing.com
