EBay Inc to see rising revenue and profit
30 Mar 2013
Online retailer EBay Inc is expecting revenue and profit to keep rising in the coming years with its and rapidly-growing e-commerce payment gateway PayPal continuing to expand.
EBay said on thursday, it expected revenue to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. FactSet reported analysts' projecting the revenue at $21.4 billion.
The San Jose, California-based company expected adjusted earnings per share to increase by 15 to 19 per cent from 2012 to 2015.
According to the company, PayPal revenue would hit $9.5 billion to $10.5 billion in 2015.
In a meeting with financial analysts yesterday, EBay said it was focused on growth of its mobile commerce business and other technologies to "enable new experiences for consumers and retailers."
According to EBay $300 billion of commerce and payment volume would go through all of its business units in 2015, up from $175 billion last year.
The company's shares had traded lower, earlier this week over worries some investors had over the company's long-term outlook that was expected to be announced yesterday.
EBay's stock rose over 4 per cent at $54.22 yesterday, adding another 17 cents in after-hours trading.
''Led by mobile, a commerce revolution is under way,'' said president and CEO John Donahoe in a statement, adding that new technologies ''will expand shopping beyond conventional store environments and e-commerce sites.''
Some investors had been worried about the company's long-term outlook that was expected to be announced Thursday and that sent shares lower earlier this week.
EBay Inc is expecting revenue and profit to keep rising in the coming years with its e-commerce business and fast-growing PayPal payments service continuing to expand.
EBay today said, it expected revenue to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. FactSet reported analysts' projecting the revenue at $21.4 billion.
The San Jose, California-based company expected adjusted earnings per share to increase by 15 to 19 per cent from 2012 to 2015.
According to the company, PayPal revenue would hit $9.5 billion to $10.5 billion in 2015.
In a meeting with financial analysts yesterday, EBay said it was focused on growth of its mobile commerce business and other technologies to "enable new experiences for consumers and retailers."
According to EBay $300 billion of commerce and payment volume would go through all of its business units in 2015, up from $175 billion last year.
The company's shares had traded lower, earlier this week over worries some investors had over the company's long-term outlook that was expected to be announced yesterday.
EBay's stock rose over 4 per cent at $54.22 yesterday, adding another 17 cents in after-hours trading.
''Led by mobile, a commerce revolution is under way,'' said president and CEO John Donahoe in a statement, adding that new technologies ''will expand shopping beyond conventional store environments and e-commerce sites.''
