eBay Shares Jump 11% on Strong Holiday-Quarter Results
Online commerce veteran eBay (NASDAQ: EBAY) reported fourth-quarter results after the closing bell on Wednesday, Feb. 3. The company beat Wall Street's estimates across the board and eBay's stock gained 11% in the after-hours trading session.
eBay's fourth-quarter sales rose 28% year over year to $2.9 billion. Adjusted earnings landed at $0.86 per diluted share, up from $0.66 per diluted share in the year-ago period. The analyst consensus pointed to earnings near $0.83 per share on revenue in the neighborhood of $2.7 billion.
The company managed transactions worth a cool $100 billion of gross merchandise volume in fiscal year 2020, a 17% year-over-year increase. The number of active buyers rose by 7% to 185 million active accounts.
Source Fool.com
