Monday, April 22, 2013

EBAY: eBay: A Compelling Buy On Recent Weakness

eBay: A Compelling Buy On Recent Weakness
by Philip Saglimbeni

eBay Inc. (EBAY) recently reported first-quarter earnings results on April 17. Fueled by growth in its two major business segments, the company's Q1 results were impressive and indicate that eBay has gotten off to a very solid start in fiscal 2013. The company earned $829 million, or $0.63 per share (GAAP: $677 million, $0.51 per share), on net revenue of $3.748 billion. Year-over-year, first quarter non-GAAP earnings grew 14.5% (from $0.55 in 2012 to $0.63 in 2013) and first-quarter revenue grew 14.37% (from $3.277 billion in 2012 to $3.748 billion in 2013). read more »

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