ebay's first quarter net revenue was 4.262 billion dollars

Absrtact: April 30--EBay released its first-quarter earnings report for fiscal year 2014 today. ebay's net revenue for the first quarter was $4.262 billion, up 14% from $3.748 billion a year earlier, with a net loss of $2.326 billion and a net profit of $677 million last year, the report showed.

April 30--EBay released its first-quarter earnings for fiscal year 2014 today. ebay's net revenue for the first quarter was $4.262 billion, up 14% from $3.748 billion a year earlier, with a net loss of $2.326 billion and a net profit of $677 million last year, the report showed.

In the quarter ended March 31, ebay's net revenue was $4.262 billion trillion (analysts expected to be $4.23 billion), up 14% from 3.748 billion U.S. dollars in the same period last year; In the US GAAP, ebay's first-quarter operating profit margin was 20.6%, down from 21.3% in the same period last year. Under US GAAP, ebay's net loss for the first quarter was $2.326 billion trillion, with a net profit of $677 million in the same period last year; According to US GAAP, ebay lost $1.82 a share in the first quarter, with a diluted earnings of $0.51 per share over the same period last year.

Without the U.S. GAAP, ebay's first-quarter operating profit margin was 26.9%, down from 27.4% in the same period last year; not in accordance with U.S. general accounting standards, ebay's first quarter net profit of 899 million U.S. dollars, compared with the same period last year 829 million U.S. dollar growth 8%; ebay's earnings for the first quarter were $0.70 trillion, up 11% from $0.63 a year earlier.

Ebay first-quarter operating cash flow of 1.2 billion U.S. dollars, free cash flow of 9.68 U.S. dollars.

ebay's first-quarter results included a one-off tax of $3 billion trillion. Excluding this spending and other special items, ebay's first-quarter results exceeded Wall Street analysts ' expectations. Analysts expect ebay's first-quarter earnings to be 67 cents per share, with a revenue of $4.22 billion, according to a FactSet survey of financial information suppliers.

Financial Analysis

Online auction Service:

ebay Online Auction Services net revenue of 2.155 billion U.S. dollars, compared with the same period last year, 1.957 billion U.S. dollar growth of 10%. ebay's online auction platform has a total turnover of $20.5 billion trillion in the first quarter, up 12% from $18.3 billion a year earlier.

Network Payment service:

ebay's online payment service, PayPal, has a net revenue of $1.845 billion trillion, up 19% from $1.548 billion a year earlier. PayPal's total payment in the first quarter was $52 billion trillion, up 27% from $41 billion a year earlier.

Enterprise sector:

Net revenue for ebay's corporate sector was $269 million trillion, up 8% from $248 million a year earlier.

Other financial data:

Under U.S. GAAP, ebay's effective tax rate for the first quarter was 366%, compared with 16% in the same period last year; not in accordance with US GAAP, ebay's effective tax rate for the first quarter was 21%, up from 20% in the same period last year.

As of March 31, 2014, ebay's holdings of cash, cash equivalents and non-equity investments amounted to $11.9 billion, below the 12.8 billion U.S. dollar as at December 31, 2013.

Stock Repurchase:

Ebay bought 33.1 million shares in the first quarter, with a total repurchase price of about $1.8 billion. As of March 31, 2014, the remaining amount of ebay's approved stock repurchase scheme was $3.8 billion.

Performance Outlook

Ebay expects a net revenue of $4.325 billion to $4.425 billion trillion for the second quarter of fiscal year 2014, and a diluted earnings of $0.51 to 0.53 dollars per share in the second quarter, according to US GAAP, and not in accordance with US GAAP, which yields $0.67 to 0.69 dollars per share in the second quarter.

Ebay expects net revenues of $18 billion to $18.5 billion trillion for the full year of fiscal year 2014; According to U.S. General accounting standards, the earnings for the 2014 fiscal year diluted to 0.04 U.S. dollars to 0.09 U.S. dollars, not in accordance with United States General accounting standards, the fiscal year 2014 per share diluted earnings of 2.95 U.S. dollars to 3.00 U.S.

Stock price change:

On that day, ebay rose 0.90 dollars in regular trading in the Nasdaq market, at $54.54, or 1.68%. Ebay's shares fell 1.66 U.S. dollars to 52.88 U.S. dollars, or 3.04%, in subsequent trading after 16:30 (4:30 Beijing time, 30th). Over the past 52 weeks, ebay's highest share price was $59.70, with a minimum price of $48.06.