EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018
January 01, 2018 at 03:51 am IST
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eBay Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported net revenues of $2,613 million against $2,395 million a year ago. Income from operations was $663 million against $638 million a year ago. Income from continuing operations before income taxes was $561 million against $2,004 million a year ago. Loss from continuing operations was $2,597 million or $2.51 per basic and diluted share against income $5,948 million or $5.31 per diluted share a year ago. Net loss was $2,601 million or $2.51 per basic and diluted share against net income of $5,936 million or $5.30 per diluted share a year ago. Net cash provided by operating activities was $988 million against $620 million a year ago. Purchases of property and equipment were $192 million against $136 million a year ago. Non-GAAP operating income was $808 million against $764 million a year ago. Non-GAAP operating income from continuing operations was $145 million against $126 million a year ago. Non-GAAP net income from continuing operations was $618 million or $0.59 per diluted share against $601 million or $0.54 per diluted share a year ago.
For the year, the company reported net revenues of $9,567 million against $8,979 million a year ago. Income from operations was $2,265 million against $2,325 million a year ago. Income from continuing operations before income taxes was $2,276 million against $3,651 million a year ago. Loss from continuing operations was $1,012 million or $0.95 per basic and diluted share against income of $7,285 million or $6.37 per diluted share a year ago. Net loss was $1,016 million or $0.95 per basic and diluted share against net income of $7,266 million or $6.35 per diluted share a year ago. Net cash provided by operating activities was $3,146 million against $2,826 million a year ago. Purchases of property and equipment were $666 million against $626 million a year ago. Non-GAAP operating income was $2,821 million against $2,790 million a year ago. Non-GAAP operating income from continuing operations was $556 million against $465 million a year ago. Non-GAAP net income from continuing operations was $2,163 million or $2.00 per diluted share against $2,156 million or $1.88 per diluted share a year ago.
For the first quarter of 2018, the company expects net revenue between $2.57 billion and $2.61 billion, representing fx-neutral growth of 7% - 9%, with GAAP earnings per diluted share from continuing operations in the range of $0.37 - $0.41 and non-GAAP earnings per diluted share from continuing operations in the range of $0.52 - $0.54.
For the full year 2018, the company expects net revenue between $10.9 billion and $11.1 billion, representing fx-neutral growth of 7% - 9%, with GAAP earnings per diluted share from continuing operations in the range of $1.65 - $1.75 and non-GAAP earnings per diluted share from continuing operations in the range of $2.25 - $2.30.
eBay Inc. is the leading online marketplace. The group operates a computer platform that allows individuals and professionals to conduct their purchasing and selling transactions for goods and services. The activity is ensured through many Internet sites (ebay.com available in several languages, half.com, rent.com, shopping.com, kijiji.com, mobile.de and marktplaats.nl).
Net sales are distributed geographically as follows: the United States (49.4%), the United Kingdom (16.1%), Germany (10.5%) and other (24%).
EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018