EBay Inc (NASDAQ:EBAY) announced sales and profit in the second-quarter surpass analysts’ forecasts as more United States customers shopped for new items on the website and used PayPal for payment purposes.
EBay, the world’s biggest Internet marketplace, reported in a statement on Wednesday that revenue moved up 23% to $3.4 billion. That surpassed the $3.36 billion median analyst forecasts gathered by Bloomberg. Profit without onetime items was 56 cents per share, surpassing the median 55-cent forecasts. Shares of the company moved up almost 6.2% following the Q2 report.
Chief Executive Officer of EBay John Donahoe has boosted spending on advertising and new technology to develop beyond company’s auction roots and allow customers purchase additional items in instant sales, like those on Amazon.com, Inc’s (NASDAQ:AMZN) website.
ComScore Inc reported that those efforts directed to gains in EBay’s Marketplaces business as total United States online sales climbed 15% in the three months period.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Amazon.com, Inc (NASDAQ:AMZN) rose +0.25% to settle at $217.47, Liquidity Services, Inc (NASDAQ:LQDT) moved up +0.71% to end at $42.53 while Overstock.com, Inc (NASDAQ:OSTK) jumped +2.37% to finish on Wednesday at $6.48.
eBay Inc (NASDAQ:EBAY) last session volume of 18.71 million shares was higher than its average volume of 11.85 million shares. The stock after opening at $39.23 hit high price of $40.60 and then closed at $40.46 by scoring +3.56%.
EBAY generated revenue of 12.38 billion in the following twelve months and earned $3.32 billion. The Company showed a positive +26.84% in the net profit margin and as well as in its operating margin which remained 19.88%. Company’s annual sales growth for the past five year was 14.31%.
The EBAY past twelve months price to sales ratio was 4.22 and price to cash ratio remained 8.90. As far as the returns are concern, the EBAY return on equity was recorded as 19.18% and increased 16.84% return on investment while its return on asset stayed at 12.98%.
The stock showed weekly upbeat performance of +3.40% which was maintained for the month at -4.78%. Likewise the positive performance for the quarter was recorded as +12.80% and for the year was +19.85% while the YTD performance remained at +33.40%.
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