Earnings Highlights - eBay

LONDON, February 2, 2015 /PRNewswire/ --

Investor-Edge.com has issued free earnings review on eBay Inc. (NASDAQ: EBAY). On January 21, 2015, the company reported its Q4 FY14 and full-year FY14 financial results (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=eBay&d=02-Feb-2015&s=EBAY to read our free earnings review on eBay Inc. (eBay). During, Q4 FY14 and FY14, the company's net revenue increased 9% Y-o-Y and 12% Y-o-Y, respectively. Further, eBay's GAAP net income rose 10% Y-o-Y during the Q4 FY14. President and CEO of eBay, John Donahoe, stated that in a year of unexpected events and distractions, the company ended 2014 with double-digit revenue growth, solid earnings growth and strong cash flow, reflecting the fundamental strengths of eBay. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=eBay&d=02-Feb-2015&s=EBAY

Earnings Overview 

During Q4 FY14, eBay's net revenue increased to $4.92 billion from $4.53 billion in Q4 FY13. For Q4 FY14, eBay's enabled commerce volume increased to $72.01 billion from $59.61 billion in Q4 FY13. In Q4 FY14, PayPal net total payment volume (TPV) increased 24% Y-o-Y. Furthermore, eBay Marketplaces gross merchandise volume (GMV) improved 2% Y-o-Y and eBay Enterprise gross merchandise sales (GMS) grew 9% Y-o-Y in Q4 FY14. The free research on EBAY can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=eBay&d=02-Feb-2015&s=EBAY

For Q4 FY14, eBay's GAAP operating margin stood at 21.6% compared to 22.6% in Q4 FY13. In the reported quarter, the company recorded GAAP net income of $936 million, or $0.75 per diluted share, compared to $850 million, or $0.65 per diluted share, in Q4 FY13.

In Q4 FY14, eBay generated $1.64 billion of operating cash flow and $1.27 billion of free cash flow. During the quarter, the company repurchased approximately $1.2 billion of its common stock and was authorized to repurchase shares worth $3 billion as of January 21, 2015.

For FY14, eBay recorded net revenue of $17.90 billion compared to $16.05 billion in FY13. In FY14, PayPal TPV increased 27% Y-o-Y. Furthermore, eBay Marketplaces GMV grew 9% Y-o-Y and eBay Enterprise GMS improved 13% Y-o-Y in FY14. Sign up and read the free analyst's notes on EBAY at:

http://get.Investor-Edge.com/pdf/?c=eBay&d=02-Feb-2015&s=EBAY

During FY14, the company's Non-GAAP operating margin decreased to 25.7% from 27.5% in FY13. In FY14, eBay reported GAAP net loss of $41 million, or $0.03 loss per diluted share, compared to GAAP net income of $2,856 million, or $2.18 per diluted share, in FY13.

Mr. Donahoe informed that PayPal had another strong quarter, finishing an excellent year. eBay, while facing challenges, continues to be a great business and is focused on stabilizing performance and engaging its core customers, he added. Looking ahead, the company's plans are on track to separate eBay and PayPal into independent companies in the second half of 2015, and the company is confident this is the right strategic path for each business, Mr. Donahoe concluded. Visit Investor-Edge and access the latest research on EBAY at:

http://get.Investor-Edge.com/pdf/?c=eBay&d=02-Feb-2015&s=EBAY

Stock Performance  

On the day following the earnings release, January 22, 2015, eBay's stock rallied 7.05% to end the session at $57.15. Since then, the stock has mostly witnessed a negative momentum. On the last close, Friday, January 30, 2015, the stock finished 1.78% lower at $53.00, after vacillating between $52.96 and $54.06. A total of 10.51 million shares were traded, which was above its three months average volume of 8.61 million shares. Over the last three months, eBay's shares have advanced 0.95%. However, the stock has lost 3.09% in the previous three trading sessions and 5.56% in the past one month. Shares in eBay closed above their 200-day moving average of $52.96. Furthermore, the stock traded at a PE ratio of 22.01.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were five corporate insider transactions made by three individuals. Between January 26 and January 27, 2015, a total of 55,120 shares have been purchased at an average price of $24.85 per share and for a total value of $1.37 million. During the stated period, a total of 56,120 shares were also disposed at an average price of $55.60 per share and for a total of $3.12 million. On January 26, 2015, David M. Moffett, Director at eBay, bought 10,120 shares at a price of $29.17 per share and sold an equal number of shares at a price of $56.47 per share. On January 27, 2015, Alan Marks, Senior Vice President-Corporate Communications at eBay, purchased 45,000 shares at $23.88 per share and sold an equal number of shares at $55.41 per share. On the same day, Brian J. Doerger, Vice President and Chief Accounting Officer at eBay, sold 1,000 shares at a price of $55.17 per share. Complimentary in-depth research on EBAY is available at:

http://get.Investor-Edge.com/pdf/?c=eBay&d=02-Feb-2015&s=EBAY

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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