By Yasin Ebrahim
Investing.com - eBay (NASDAQ:EBAY) on Wednesday reported softer first-quarter guidance that overshadowed fourth-quarter results that beat analysts' forecasts and revenue that was inline with expectations.
Shares of eBay fell 11% in afterhours trading.
eBay announced earnings per share of $1.05 on revenue of $2.61 billion. Analysts polled by Investing.com anticipated EPS of 99 cents on revenue of $2.61 billion.
Gross merchandise volume was $20.7 billion, down 10% on an as-reported basis and down 11% on an FX-neutral basis.
Operating margin decreased to 26.3% for the fourth quarter of 2021, compared to 26.7% for the same period last year.
The quarterly dividend was raised by 22% to 22 cents a share, and the company expanded its share repurchase program by an additional $4.0 billion
Looking ahead to the first quarter, the company guided earnings per share in the range of $1.01 to $1.05 on revenue of $2.43 billion to $2.48 billion, compared with estimates for earnings of $1.08 a share on revenue of $2.61 billion
For 2022, the company forecasts revenue in the range of $10.3 billion to $10.5 billion and earnings between $4.20 and $4.40 a share. That compared with consensus for revenue of $10.91 billion on earnings of $4.50 a share.
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