SAN JOSE, Calif. (AP) _ EBay Inc. (EBAY) on Wednesday reported a fourth-quarter loss of $2.6 billion, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Jose, California-based company said it had a loss of $2.51. Earnings, adjusted for non-recurring costs and stock option expense, came to 59 cents per share.
The results met Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 59 cents per share.
The e-commerce company posted revenue of $2.61 billion in the period, which also matched Street forecasts.
For the year, the company reported a loss of $1.02 billion, or 95 cents per share, swinging to a loss in the period. Revenue was reported as $9.57 billion.
For the current quarter ending in April, eBay expects its per-share earnings to range from 52 cents to 54 cents.
The company said it expects revenue in the range of $2.57 billion to $2.61 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $2.39 billion.
EBay expects full-year earnings in the range of $2.25 to $2.30 per share, with revenue ranging from $10.9 billion to $11.1 billion.
EBay shares have increased 7.5 per cent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 6 per cent. In the final minutes of trading on Wednesday, shares hit $40.58, a rise of 27 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EBAY at https://www.zacks.com/ap/EBAY
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