eBay Beats Wall Street Sales Estimates for Q4 2018
Ebay beat Wall Street estimates for Q4 sales on strong buyer spending during the holiday shopping season.
The company reported sales of $2.88 billion in the fourth quarter which ended December 31, 2018.
This is up 6.3 percent Year-over-Year and slightly above most analysts’ average expectation of $2.86 billion.
Net income was $763 million or 80 cents per share. Last year the company recorded a loss of $2.6 billion or $2.51 per share.
However in Q4, 2017, eBay recorded a one-time tax-related expense of more than $3 billion.
Read Complete Q4 2018 and Full 2018 Financial Details Here
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Richard Meldner
Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.