eBay posted solid first-quarter earnings on Wednesday, but the company underperformed based on projections by Wall Street. eBay then delivered guidance that did not meet the mark, doubling investors’ disappointment. As a result, they are casting worried eyes toward eBay’s future.
“eBay, though economically resilient, is not immune to the slowdown in Europe,” said Charles Lewis Sizemore, a Covestor model manager. eBay reported a 14 percent increase in Q1 2013 revenue and a 19 percent increase in net income from the same quarter a year ago. However, Wall Street analysts had been expecting more.
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eBay Likely to Be Forgiven for Q1 Misses
Posted by: Erika Morphy April 18, 2013 12:28 PMeBay posted solid first-quarter earnings on Wednesday, but the company underperformed based on projections by Wall Street. eBay then delivered guidance that did not meet the mark, doubling investors’ disappointment. As a result, they are casting worried eyes toward eBay’s future.
“eBay, though economically resilient, is not immune to the slowdown in Europe,” said Charles Lewis Sizemore, a Covestor model manager. eBay reported a 14 percent increase in Q1 2013 revenue and a 19 percent increase in net income from the same quarter a year ago. However, Wall Street analysts had been expecting more.