eBay Inc. (EBAY) Wednesday reported fourth quarter GAAP net income of $1.4 billion or $1.02 per share, compared to $0.4 billion or $0.29 per share in the prior year period.
Non-GAAP net income for the period was $586 million or $0.44 per share, compared to $524 million or $0.41 per share in last year quarter.
On average, 30 analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter rose to $2.37 billion from $2.03 billion in the year-ago period. Excluding Skype from the fourth quarter of 2008 and the fourth quarter of 2009, revenue growth would have been 19%.
Twenty-seven Wall Street analysts expected revenues of $2.29 billion for the fourth quarter.
The company said the year-over-year increase was due primarily to excellent growth in PayPal and StubHub and improvement in growth rates in the core eBay business, as well as the positive impact from foreign currency movements.
Looking forward, for the first quarter, the company said it expects GAAP earnings per share in the range of $0.29 to $0.31 and non-GAAP earnings per share in the range of $0.39 to $0.41. Net revenues are forecast in the range of $2.1 billion to $2.2 billion.
Street analysts expect earnings of $0.40 per share on revenues of $2.16 billion.
Further ahead, for the fiscal year 2010, the company expects GAAP earnings per share in the range of $1.29 to $1.34 and non-GAAP earnings per share in the range of $1.63 to $1.68. Net revenues are projected in the range of $8.8 billion to $9.1 billion.
Street analysts expect earnings of $1.60 per share on revenues of $9.03 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.