Tag Archives: technology

EBay Q1 Beats On Earnings And Sales, But Growth Still Lags

EBay ( EBAY ) beat Wall Street’s first-quarter earnings and revenue estimates, the company said Tuesday, and investors rewarded the online merchant with a mild share boost after the close. The San Jose-based online merchant reported adjusted earnings per share of 47 cents, two cents ahead of estimates from analysts polled by Thomson Reuters. EBay said revenue was $2.1 billion for the quarter, slightly ahead of the $2 billion view. In after-hours trading, eBay shares climbed more than 4% at one point to 25.49. But shares settled back to a 1.3% gain later in the afternoon as enthusiasm was tempered by the company’s earnings projection for the second quarter that was short of estimates. In the regular session eBay ended trading up 1.11% to 24.49. “It’s good that they had a beat on top and bottom,” Scot Wingo, chairman of e-commerce consultants ChannelAdvisor, told Investor’s Business Daily. “But what’s driving a lot of their growth, is not the traditional marketplace.” Of the total growth, Wingo said that the core marketplace accounted for only 3% — StubHub, the company’s event-ticketing platform, and its classified business made up the rest of the growth. EBay, once a major e-commerce force, has a ways to go to rival the likes of e-comm powerhouse Amazon.com ( AMZN ). “E-commerce is growing at 15%,” he said. “To really get the turnaround — we’re about halfway through an 18-month turnaround — it would be nice to see some data to see that it is taking hold.” For the second quarter of 2016, eBay said it’s expecting growth of 4% to 6%, or between $2.14 billion and $2.19 billion in sales. The company expects adjusted earnings per share of between 40 cents and 42 cents. Analysts see earnings of 44 cents a share on sales of $2.14 billion. As for eBay’s future prospects, Wingo said, “Historically they’ve gone through slow periods and then accelerated.”

3 Stocks Any Investor Can Buy

Some investors desire growth stocks, others embrace value stocks, and income investors are in the mix, too. Satisfying the needs of all these investors is no easy task. However, these three companies offer enough growth,

Twitter Plunges On Q1 Revenue Miss, Soft Q2 Outlook

Microblogging social network Twitter ( TWTR ), which is trying to respark user growth, late Tuesday posted a Q1 revenue miss and gave Q2 revenue guidance well below expectations, and the stock plunged after hours. Twitter stock was down more than 10% in after-hours trading, after the company released its latest earnings. Shares had risen 3.9% in Tuesday’s regular session, closing at 17.75 and earlier touching a six-week high just shy of 18. The company was set to hold its earnings conference call with analysts later Tuesday. Twitter posted revenue of $594.52 million, up 36% year over year. Analysts polled by Thomson Reuters had expected $607.84 million. The microblog posted EPS ex items of 7 cents, up 114% year over year. That’s above the EPS ex items of 10 cents that analysts polled by Thomson Reuters were expecting. For Q2, Twitter guided revenue of $590 million to $610 million. That fell far short of the $677.57 million analysts polled by Thomson Reuters had modeled. The company said monthly active users rose 3% from Q1 2015 to 310 million, which also is up from 305 million in Q4. The company has been trading underneath its 2013 IPO price of 26 since late December.