{"id":206640,"date":"2010-01-20T16:20:00","date_gmt":"2010-01-20T21:20:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/ebay-turns-in-solid-quarter-okay-guidance-2010-1"},"modified":"2010-01-20T16:20:00","modified_gmt":"2010-01-20T21:20:00","slug":"ebay-turns-in-solid-quarter-okay-guidance-ebay","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/206640","title":{"rendered":"eBay Turns In Solid Quarter, Okay Guidance (EBAY)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4ad63ad20000000000e3d534\/ebay-bulldozer.jpg\" border=\"0\" alt=\"ebay bulldozer\" \/><\/p>\n<p>eBay (EBAY) <a href=\"http:\/\/finance.yahoo.com\/news\/eBay-Inc-Reports-Fourth-bw-879310280.html?x=0&amp;.v=1\">just beat the street<\/a>, turning in $0.44 EPS versus an estimate of $0.40.<\/p>\n<p>Revenue was $2.4 billion, also beating Street estimates of $2.29 billion.&nbsp;<\/p>\n<p>Full year revenue for 2009 was $8.7 billion in revenue, which beats expectations of $8.65 billion.<\/p>\n<p>The company attributed the solid quarter to &#8220;excellent growth in PayPal and StubHub&#8221; as well as growth in the core eBay business.<\/p>\n<p>Guidance on EPS for the next quarter is $0.39 &#8211; $0.41, which is in line with analyst expectations.<\/p>\n<p>Full year guidance is just above expectations. eBay says it will deliver $1.63 &#8211; $1.68 EPS, compared to expectations of $1.60.<\/p>\n<p>The stock is trading up slightly after hours.<\/p>\n<p>Here&#8217;s some highlights from Imran Khan at JP Morgan:<\/p>\n<ul>\n<li>Non-vehicles US GMV up 4% Y\/Y. Our incoming model called for a 3% increase, as we believe eCommerce trends solidified during the holiday shopping season.<\/li>\n<li>Non-vehicles Int&rsquo;l GMV up 40%. Our forecast, was for a 26% Y\/Y improvement, aided by FX. On an FX-neutral basis and excluding the impact of the GMarket acquisition, Int&rsquo;l non-vehicles GMV was up 11% (compared to 10% growth ex-FX and ex-GMKT in 3Q).<\/li>\n<li>Marketplace take rate at 7.47%. Our forecast was for a 7.85% take rate, compared to 7.67% in the year-ago quarter and 7.90% in 3Q. Regional mix shift and seller discounting can contribute to take rate declines.<\/li>\n<li>PayPal TPV up 34% Y\/Y. We had modeled a 20% Y\/Y improvement. On-eBay TPV was 65.9% of addressable GMV, a slight improvement from 65.7% in 2Q. Merchant Services TPV was up a strong 50% Y\/Y (or 47% ex FX).<\/li>\n<li>PayPal take rate at 3.54%. We had modeled 3.75%, and 3Q saw the take rate at 3.67%. We worry about the impact of take rate declines on PayPal&rsquo;s ability to monetize the rapid growth in TPV. PayPal revenue margin was 62%, in line with last quarter.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.businessinsider.com\/ebay-turns-in-solid-quarter-okay-guidance-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-amazon-is-still-eating-ebays-lunch-2010-1\">Amazon Is Still Eating eBay&#8217;s Lunch<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/aol-looked-at-ebay-and-electronic-arts-before-time-warner-2010-1\">AOL Looked At eBay And Electronic Arts Before Time Warner<\/a><\/li>\n<li><a href=\"http:\/\/www.tbiresearch.com\/ebay-improving-its-top-rated-sellers-program-2009-12\">eBay Improving Its Top-Rated Sellers Program<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/D9Lahmps9t0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>eBay (EBAY) just beat the street, turning in $0.44 EPS versus an estimate of $0.40. Revenue was $2.4 billion, also beating Street estimates of $2.29 billion.&nbsp; Full year revenue for 2009 was $8.7 billion in revenue, which beats expectations of $8.65 billion. The company attributed the solid quarter to &#8220;excellent growth in PayPal and StubHub&#8221; [&hellip;]<\/p>\n","protected":false},"author":504,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-206640","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/206640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/504"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=206640"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/206640\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=206640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=206640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=206640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}