The online trading company eBay Inc earnings beat forecasts on Wall Street in the quarter of year-end festivities, aided by the growth of its online payment unit PayPal and its main Internet commerce, boosting to their actions.
The global business electronic commerce and payments said Wednesday that fourth-quarter net income reached 1,400 million dollars, or $ 1.02 per share, up from the $ 367 million, or 29 cents per share, period last year.
On an adjusted basis, earnings were U.S. $ 585.8 million, or 44 cents a share, above the average analyst forecast of earnings of 40 cents per share, according to Thomson Reuters I / B / E / S .
Revenue rose 16 percent to 2,370 million dollars, well above analysts' expectations.
EBay, which connects buyers with sellers on the internet, has been reviewing its important marketing division to increase transactions on its site, and recently sold its Internet telephone unit Skype, which felt it did not fit well with the company.
For the future, eBay said it expects adjusted earnings in the first quarter of 2010 are in between 1.63 and $ 1.68 per share, on revenue of 8,800 million and 9,100 million dollars.
The stock rose 2.1 percent to $ 22.70 after closing on Nasdaq at $ 22.23, down from 4.4 percent in the regular session.
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