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 $0.81 on revenue of $2.82B. Analysts polled by Investing.com expected EPS of $0.76 on revenue of $2.81B. That compared to EPS of $0.71 on revenue of $2.88B in the same period a year earlier. The company had reported EPS of $0.67 on revenue of $2.65B in the previous quarter.
eBay shares lost 1.82% to trade at $35.55 in after-hours trade following the report.
eBay shares lost 1.82% to trade at $35.55 in after-hours trade following the report.
For the year, eBay shares are up 0.28%, under-performing the S&P 500 which is up 0.96% year to date.
eBay follows other major Services sector earnings this month
On Thursday, Comcast reported fourth quarter EPS of $0.79 on revenue of $28.4B, compared to forecasts of EPS of $0.77 on revenue of $28.17B.
Netflix earnings beat analyst's expectations on Tuesday, January 21, 2020, with fourth quarter EPS of $1.3 on revenue of $5.47B. Investing.com analysts expected EPS of $0.52 on revenue of $5.45B
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