eBay edges past earnings estimates
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eBay (NASDAQ:EBAY) posted better than expected Q4 earnings and offered a better-than-feared forecast for Q1.

The San Jose-based e-commerce platform notched $1.07 in earnings per share on $2.5B in revenue, edging out EPS and revenue estimates of $1.06 and $2.47B. Gross Merchandise Volume of $18.2B came in slightly better than the consensus estimate of $17.97B as well.

âOur Q4 results demonstrate the continued resilience of our marketplace amid economic uncertainty,â CFO Steve Priest said. âI'm extremely proud of our teams for delivering on their quarterly financial commitments, maintaining prudent cost discipline, and executing key deliverables in support of our strategy.â

Moving forward, the company expects between $2.46B and $2.5B in revenue for the first quarter and between $1.05 and $1.09 in adjusted EPS. Consensus estimates for each metric stood at $2.47B and $1.07, respectively. 

âOur focus category playbook continues to drive underlying growth in our business and the investments we've made in core technology are enabling us to innovate on behalf of our customers more quickly,â CEO Jamie Iannone commented. âWe have a talented team, a strong strategic vision and a persistent focus on operational excellence that will create long-term value for our shareholders in the years ahead.â

Despite the earnings beat, shares of eBay (EBAY) were volatile in after hours trading. The stock initially jumped about 3% after the print before plunging over 5% as the extended session progressed.
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