Strong quarterly earnings for eBay

By: Miguel A. Rodriguez

18:18, 17 February 2021

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People turned to online shopping in the midst of the pandemic

One of the largest American multinational e-commerce company, eBay, reported fourth-quarter results that came ahead of expectations.

The company reported an adjusted EPS of $0.86 slightly higher than $0.83 per share forecasted. The $2.7 billion in revenues was topped by the actual figures of $2.9 billion.

Also, the value of all products sold on eBay rose 21% to $26.6 billion.

For the future, eBay expects its first quarter revenue to reach a high of $2.99 billion, and an adjusted EPS of $1.08. Both top the consensus of $2.5 billion, and $0.85 earnings per share, respectively.

After the news hit the wires, eBay stock price added more than 10% reaching an all-time high of $63.98 per share. In the past twelve months, the stock went up nearly 70%.

Read how Amazon has performed in the past quarter here!

Sources: Aljazeera.com, investors.com

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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