EBay Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, 'Fortress' Balance Sheet And More
Portfolio Pulse from Adam Eckert
EBay Inc (NASDAQ:EBAY) reported Q4 earnings with revenue and EPS beating estimates, and provided strong guidance for Q1. The company announced a cash dividend and a $2 billion stock repurchase program, highlighting a 'fortress' balance sheet. Shares rose 4.08% after hours.
February 27, 2024 | 9:51 pm
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EBay Inc reported higher than expected Q4 revenue and EPS, announced a cash dividend, and a $2 billion stock repurchase program. Shares rose 4.08% after hours.
The positive earnings report, coupled with the announcement of a cash dividend and a significant stock repurchase program, directly impacts EBAY's stock price positively in the short term. The beat on both revenue and EPS estimates, along with strong Q1 guidance, signals financial health and growth prospects, encouraging investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100