FEEBAY profits up 22%
ndleo
Posts: 4,182 ✭✭✭✭✭
Hot off presses:
EBAY's numbers for its first quarter look pretty good with the online auction house beating Wall Street estimates by 3 cents, reporting 42 cents instead of the 39 cents analysts were looking for.
That news came on better-than-expected topline performance as well, with eBay reporting $2.19 billion versus the $2.08 billion analysts anticipated.
For eBay's second quarter, the company expects an EPS range of 39 cents to 41 cents, essentially in line with the 40 cents Wall Street is looking for. The revenue range is $2.1 billion to $2.15 billion, slightly above the $2.11 billion consensus. The news gets a little better full year with eBay now expecting EPS of $1.70 to $1.75, on $8.7 billion to $9 billion in revenue, when analysts had expected $1.68 on $8.79 billion.
Going through some of the key metrics and where there's a little concern about eBay's ongoing business operations: Active User growth was up only 1 percent to 83.9 million users, way below what some analysts on the Street were hoping for, and even lower than the 2 percent the company reported in the previous quarter.........
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If you read the rest of the article it looks like the growth mainly came from overseas revenue (maybe from the fake Chinese holders ha ha) and the conversion to the weak dollar. However it looks like their are fewer users using ebay as a selling venue.
Despite all of the noise about the fee increase, it hasn't hurt their business in the short run, in fact it probably made them more profitable.
EBAY's numbers for its first quarter look pretty good with the online auction house beating Wall Street estimates by 3 cents, reporting 42 cents instead of the 39 cents analysts were looking for.
That news came on better-than-expected topline performance as well, with eBay reporting $2.19 billion versus the $2.08 billion analysts anticipated.
For eBay's second quarter, the company expects an EPS range of 39 cents to 41 cents, essentially in line with the 40 cents Wall Street is looking for. The revenue range is $2.1 billion to $2.15 billion, slightly above the $2.11 billion consensus. The news gets a little better full year with eBay now expecting EPS of $1.70 to $1.75, on $8.7 billion to $9 billion in revenue, when analysts had expected $1.68 on $8.79 billion.
Going through some of the key metrics and where there's a little concern about eBay's ongoing business operations: Active User growth was up only 1 percent to 83.9 million users, way below what some analysts on the Street were hoping for, and even lower than the 2 percent the company reported in the previous quarter.........
-----------------------------
If you read the rest of the article it looks like the growth mainly came from overseas revenue (maybe from the fake Chinese holders ha ha) and the conversion to the weak dollar. However it looks like their are fewer users using ebay as a selling venue.
Despite all of the noise about the fee increase, it hasn't hurt their business in the short run, in fact it probably made them more profitable.
Mike
0
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I will short more, if it pops in the morning.
I really wish Beckett or Amazon would get serious about playing in this space.
Oh...and just wait until the new FB system starts. I would have a queezy feeling in my stomach right now if I was involved with this decision making process at ebay.
Beckett?? Surely you are joking have you seen their site? They cannot even control their own message boards, how do you expect them to run an auction site. Amazon might work, if Naxcom were not so slow they might work as well.
Successful Deals: tennesseebanker, jvette,
I mention Beckett only because they do have one of the biggest names in the hobby and their price guide is still used by most hobbyists. They were basically able to start from zero and build a decent grading service. Regardless of your personal opinion of Beckett grading, it is clear that they are here to stay and are considered the best service for modern.
Amazon is probably the best option. They really don't have a large card hobby business and this wouldn't impact their current product line.
Here is some recent EBAY-speak that helps reveal the problem:
The Arrogance:
"Hello everyone and thanks for joining us today. I look forward to addressing any questions you
have about the new policy. Today's session is not about the merits or decision about the policy
and it's not negotiable."
The Incompetence:
"Great suggestion about EBAY improving buyer awareness of Classified Ads and how they work,
until then sellers can help educate their buyers and set appropriate expectations via the
classified ad listing and when communicating with buyers."
/////////////////////////////////////////////
Arrogance is a great attribute, when teamed with competence; it builds fortunes and empires.
However, an arrogant and incompetent buffoon at the helm of any division within a successful
organization will squander the fortune and destroy the empire.
<< <i>I really wish Beckett or Amazon would get serious about playing in this space.
Beckett?? Surely you are joking have you seen their site? They cannot even control their own message boards, how do you expect them to run an auction site. Amazon might work, if Naxcom were not so slow they might work as well. >>
Beckett blows. They didn't even answer my required email asking for permission to sell on their site. Bunch of tools dammit, lol. What, they don't think my 200 Andy Benes rookies will move? Haha, j/k.
ebay i.d. clydecoolidge - Lots of vintage stars and HOFers, raw, condition fully disclosed.