Investing.com - eBay (NASDAQ:EBAY) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.71 on revenue of $2.88B. Analysts polled by Investing.com expected EPS of $0.68 on revenue of $2.87B. That compared to EPS of $0.59 on revenue of $2.61B in the same period a year earlier. The company had reported EPS of $0.56 on revenue of $2.65B in the previous quarter.
eBay shares gained 2.55% to trade at $34.55 in after-hours trade following the report.
eBay shares gained 2.55% to trade at $34.55 in after-hours trade following the report.
For the year, eBay shares are up 20.02%, outperforming the S&P 500 which is up 7% year to date.
eBay follows other major Services sector earnings this month
On Tuesday, Verizon reported fourth quarter EPS of $1.12 on revenue of $34.28B, compared to forecasts of EPS of $1.09 on revenue of $34.45B.
Comcast earnings beat analyst's expectations on Wednesday, January 23, 2019, with fourth quarter EPS of $0.64 on revenue of $27.85B. Investing.com analysts expected EPS of $0.62 on revenue of $27.57B
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