eBay share price up 5% on Q1 results revenue beat
The online commerce company stock rises after a better-than-expected Q1 earnings report.
|Earnings per share(EPS)||$0.67|
eBay share price up 5% after Q1 earnings revenue beat
eBay’s Q1 earnings per share were $0.67, beating expectations of $0.63. eBay’s Q1 revenue was $2.64 billion, surpassing financial experts’ predictions of $2.58 billion. Chief executive officer, (CEO), Devin Wenig, explained the reason’s for the e-commerce site’s success in a statement.
‘We delivered a solid first quarter with revenue and EPS.Our initiatives to create a next generation payment and advertising experience are on track, we saw healthy buyer growth and disciplined cost control, and we continue to simplify the buying process while remaining focused on seller’s success,’ said Wenig.
How did eBay’s Q1 results compare to other ecommerce companies?
While Amazon doesn’t report its earnings until later this week, the company’s Q4 2018 report barely beat estimates. In contrast, eBay’s Q1 profits also slightly exceeded predictions. During eBay’s Q1 revenue report, Wenig wrote about the difference between eBay and Amazon.
‘Unlike other digital commerce businesses, we don’t compete with our sellers and we refuse to compromise the shopping experience to push 'house brands' and irrelevant posts. Millions of small businesses and consumers sell only on eBay. I believe it’s because of our purpose and policies – this matters to customers,’ said Wenig.
What is eBay’s full-year guidance?
For its full-year guidance,eBay expects its revenue to grow between $10.83 billion and $10.93 billion.
eBay survives against Amazon
Elliott Management's stake in eBay likely helped the company cut costs and increase customer growth. Though Amazon is the dominant online retail site, eBay proved it can survive against the ecommerce behemoth.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
You might be interested in…
Find out what charges your trades could incur with our transparent fee structure.
Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.
Stay on top of upcoming market-moving events with our customisable economic calendar.