EBay takes first quarter loss on tax charge

Apr 29, 2014

EBay recorded a loss in the first-quarter due to a hefty tax charge on foreign earnings, but revenue jumped as more customers shopped at its e-commerce site and its PayPal payments business stayed strong.

Adjusted results beat expectations but the company offered weak second-quarter guidance and shares fell 3 percent in aftermarket trading.

The loss for the three months that ended March 31 totaled $2.33 billion, or $1.82 per share. That compares with net income of $677 million, or 51 cents per share, last year. Excluding a $3 billion tax charge, net income totaled 70 cents per share. Analysts expected of 67 cents per .

Revenue rose 14 percent to $4.26 billion from $3.75 billion. Analysts expected $4.23 billion. Payments rose 19 percent to $1.85 billion.

Explore further: Comcast 1Q earns beat Street on upbeat NBC result

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Comcast 1Q earns beat Street on upbeat NBC result

Apr 22, 2014

Comcast's first-quarter net income rose by nearly a third as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show."

Oracle fiscal 3Q net income rises 2 pct

Mar 18, 2014

Oracle said Tuesday its fiscal third-quarter net income rose 2 percent, helped by higher cloud software subscription revenue, but investors wanted more growth and the company's stock fell in late trading.

Texas Instruments 3Q profit drops, outlook weak

Oct 21, 2013

Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 percent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.

AT&T posts 4Q profit, higher revenue

Jan 28, 2014

AT&T is posting stronger-than-expected earnings for the final quarter of 2013, helped by higher revenue from mobile and Internet service subscribers.

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.