eBay Beats, Q1 Non-GAAP Earnings Up 11 Percent to $899M, Revenue Up 14 …TechCruncheBay just reported first quarter earnings this afternoon, beating expectations. Non-GAAP earnings increased 11%, to $899 million or $0.70 per diluted share, over the prior year, driven by strong top line growth, says the company. Revenue for the first … More: continued…
NEW YORK (TheStreet) – EBay said a $6 billion repatriation of the company's foreign earnings doesn't mean the company is about to announce a large U.S. based acquisition. The company did say having that cash parked in the U.S. will help its financial flexibility in growing divisions such as PayPal and could be utilized for…
U.K. Ministers Say Royal Mail IPO Was Done at Right PriceBloombergU.K. Business Secretary Vince Cable and and his deputy, Michael Fallon, defended their handling of the initial public offering of Royal Mail Plc (RMG), which has risen more than 50 percent since its trading debut. “I haven't seen any evidence of the … More: continued…
Mirror.co.uk Vince Cable slammed for standing by ''ridiculous'' Royal Mail sell-off priceMirror.co.ukCoalition business chief Vince Cable and his Tory underling were blasted today after refusing to apologise for flogging off the Royal Mail at a “ridiculous” low price. Labour and Tory MPs on the Business Select Committee had challenged the Lib Dem … More: continued here
Stocks to watch: GD, NFLX, EBAY, TWTRYahoo Finance (blog)Another stock to watch is eBay (EBAY) ahead of their earnings release after the close. Wall Street expects the online auction and payment giant to report first quarter earnings of $0.67 per share on $4.22 billion in revenue. Expectations are for a 12.7 …and more » More: continued…
By Deepa Seetharaman SAN FRANCISCO (Reuters) – E-commerce giant eBay Inc forecast a smaller-than-expected second-quarter profit on Tuesday and will take a $3 billion non-cash tax charge to repatriate foreign earnings that will more than double its available U.S. cash. Shares of eBay fell 3 percent in after-hours trading despite the company's higher-than-expected first-quarter profit….
eBay announced its Q1 earnings this afternoon… More: continued here
Today's Post-Market Laggard Is EBay (EBAY)TheStreet.comeBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. EBAY has a PE ratio of 26.5. Currently there are 20 analysts that rate eBay…and more » More: continued here
NEW YORK (TheStreet) – EBay reports first-quarter earnings after the markets close on Tuesday and investors will finally be able to focus on the numbers as opposed to the e-commerce company's very public two-and-a-half-month battle with billionaire activist investor Carl Icahn. In January, eBay said in January that it expected first-quarter net revenue in the…
Six people have been injured in an incident at a FedEx facility in Kennesaw, Georgia, a hospital spokesman said Tuesday morning. More: continued here