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.
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