eBay Q1: Sales and Profit Ahead of Estimates

EBay (EBAY) Wednesday afternoon reported sales and profit for Q1 that beat estimates. Revenue fell 7.8% to $2.02 billion, while profit fell to 39 cents per share. That compared to analysts’ estimates for $1.94 billion and 34 cents per share.

For Q2, the company forecast sales of $1.85 to $2.1 billion, which at the midpoint would be just shy of the consensus $1.98 billion, and profit per share of 35 cents to 38 cents, ahead of consensus estimates for 35 cents.

The company said its core marketplace business declined by 18%, to $1.22 billion in revenue.

eBay shares are up $.08, or .5%, at $14.86 in after-hours trading. The shares rose 3.4% during the regular session.

Original post

Comments

[Leftfield:]

When will compliant boards finally start axing failed CEO's? Donohoe has eliminated negative feedback against buyers and allows even non-paying "buyers" to leave destructive feedback against sellers. He has sold out to large purveyors of Chinese dreck and ousted countless small sellers and the unique attic finds they brought in.

I'm sure management by MBA dictated uniformity of sellers and that makes for less of the labor-intensive supervision of small ones. So, Ebay's uniqueness is squandered, bringing actual first-time-ever losses of revenue instead of double-digit gains.

The economy is no excuse. This site would be the best anywhere for cash-strapped sellers and buyers to raise cash or find castoff bargains but for epic management stupidity.

Apr 22 06:27 PM

[Et tu, Brute!:]

Agreed with above comment.

In this economy, ebay should have been a runaway train with the Golden Goose aboard.

Instead, it's just a pathetic train wreck!

Apr 22 06:44 PM

[Dan Buchanon:]

If you find the company to be so wretched and stupid, why do you waste your time and alleged intellect following it? Shouldn't you be smarter and reallocate your resources to companies not run by MBAs? Or consumer companies not impacted by the worst global down turn since the late 1920s? Good luck finding those, kind sir.


On Apr 22 06:27 PM Leftfield wrote:

> When will compliant boards finally start axing failed CEO's? Donohoe
> has eliminated negative feedback against buyers and allows even non-paying
> "buyers" to leave destructive feedback against sellers. He has sold
> out to large purveyors of Chinese dreck and ousted countless small
> sellers and the unique attic finds they brought in.
>
> I'm sure management by MBA dictated uniformity of sellers and that
> makes for less of the labor-intensive supervision of small ones.
> So, Ebay's uniqueness is squandered, bringing actual first-time-ever
> losses of revenue instead of double-digit gains.
>
> The economy is no excuse. This site would be the best anywhere for
> cash-strapped sellers and buyers to raise cash or find castoff bargains
> but for epic management stupidity.

Apr 23 01:12 AM