eBay beats by $0.03, reports revs in-line; guides Q1 EPS above consensus, revs below consensus; guides FY19 EPS above consensus, revs below consensus (33.69 -0.33)
- Reports Q4 (Dec) earnings of $0.71 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.68; revenues rose 6.3% year/year to $2.88 bln vs the $2.87 bln S&P Capital IQ Consensus.
- Reported Q4 gross merchandise volume (GMV) of $24.6 billion, up 1% on an as-reported basis and 2% on a FX-Neutral basis.
- In the fourth quarter, eBay grew active buyers by 4% across its platforms, for a total of 179 million global active buyers.
- Co issues mixed guidance for Q1, sees EPS of $0.62-0.64, excluding non-recurring items, vs. $0.61 S&P Capital IQ Consensus; sees Q1 revs of $2.55-2.60 bln vs. $2.66 bln S&P Capital IQ Consensus.
- Co issues mixed guidance for FY19, sees EPS of $2.62-2.68, excluding non-recurring items, vs. $2.57 S&P Capital IQ Consensus; sees FY19 revs of $10.7-10.9 bln vs. $11.2 bln S&P Capital IQ Consensus.
- Co also announced updates to its capital structure:
- Initiation of a quarterly dividend of $0.14 per share, with the first quarterly dividend to be paid on or about March 20, 2019 to shareholders of record as of the close of business on March 1, 2019.
- Increase in share repurchase authorization by an additional $4.0 billion with no expiration, with an expected 2019 share repurchase of approximately $5.0 billion