eBay beats Wall Street estimates in Q4

US e-commerce company eBay Inc. reported its Q4 2021 financial results after the closing bell on Wall Street on Wednesday.

The company reported revenue of $2.613 billion, narrowly beating analyst forecast of $2.603 billion.

Earnings per share also beat analyst expectations at $1.05 per share vs. $0.99 per share expected.

eBay also announced a quarterly dividend of $0.22 per share, a 22% increase from the previous quarterly dividend.

CEO of eBay, Jamie Iannone commented on the latest results: “Rounding out a very strong year, I’m proud of our team for delivering yet another solid quarter. By investing in our strategy to drive sustainable growth, we increased customer satisfaction, improved the seller and buyer experience, and returned value to our shareholders.”

“During the quarter, we completed our multi-year payments transition, and generated growth in both our advertising business and focus categories. As we continue to accelerate our strategy, we are well positioned for future growth,” Iannone added.

eBay Inc. (EBAY) chart (Weekly)

Shares of eBay down by 1.02% at the end of the trading day on Wednesday at $54.60 per share.

The stock fell in the after market trading hours by around 7%, as Q1 guidance fell short of analyst estimates.

The company expects revenue of between $2.43-$2.48 billion in Q1 vs. estimate of $2.61 billion by FactSet. eBay expects earnings per share of between $1.01-$1.05 a share in the quarter, compared with $1.08 a share expected by FactSet.

Here is how the stock has performed in the past year –

• 1 Month: -5.41%
• 3 Month: -24.87%
• Year-to-date: -17.91%
• 1 Year: -8.07%

eBay Inc. is the 554^th largest company in the world with a market cap of $34.17 billion.

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Sources: eBay Inc., TradingView, FactSet, CompaniesMarketCap