eBay has been getting lots of pressure from its management team to reshape the company, and it seems like the management has succeeded in doing it. Because recently the company released fourth-quarter earnings report which says it had beaten everyone’s expectation and earned a decent amount of revenue and profit. eBay managed to generate the sale of $2.9 Billion with a net income of $670 million which is beyond its investors’ expectations. The company has been diversifying its business from last few years to meet up to the investor’s hope. Currently, eBay manages the e-commerce sites like StubHub and Classifieds which has generated a right amount of money for the company. If we looked into its Q4 performance, then the company managed to give an EPS of 0.71 per share to its stakeholder.
The prediction report which analysts made a few days ago mentioned that it would manage to earn revenue of $2.87 billion and an EPS of $ 0.68; however, after looking at its earnings report, it seems like the company has beaten everyone’s expectations. The cash flow of the company is increasing, and that’s why in this quarter eBay had buyback its shares worth of $1.5 billion. On the other hand, the investors of the company now have got a piece of good news since the company is trying to allocate dividends to the amount of $7 billion this year. According to Devin Wenig, the CEO of the eBay said that the company managed to give an exceptional result for the whole year and in future also they will meet up to their inventors’ hope. Devin further mentioned that the company would like to see more improvements in the advertising and payment sectors because that’s where the company is lacking the most.
David has an industrial background. He has a rich experience in covering business and science-related news, thanks to his love for finance and interest in space exploration. At the Prudour News, David is the go-to guy whenever we decided to cover business and science sections. In his spare time, he likes to attends conferences and forums on space exploration and shares his experience and views with people.