ebay's growth rate in the second quarter was less than expected to satisfy investors

Beijing Time July 18 news, according to foreign media reports, although the second quarter of ebay revenue and the number of users to achieve double growth, but the pace of growth is not enough to make some investors feel satisfied.

While PayPal's performance has grown and the auction business has been adjusted, ebay's net profit and profit margin for the second quarter did not meet market expectations. In the second quarter ended June 30, ebay had a net profit of USD 640 million, with a earnings of $0.49 per share. That performance fell 7.5% from the 692 million trillion dollars a year earlier. ebay's performance in the second quarter of last year was driven mainly by a one-off return on some of the assets sold. Without the US GAAP, ebay's earnings per share in the second quarter were $0.63 trillion, less than the average estimated $0.64 trillion by market analysts. ebay's second-quarter revenue was $3.9 billion, up from $3.4 billion a year earlier, in line with market expectations.

"People had expected ebay's second-quarter performance to exceed market expectations, but some of its financial data did not meet market expectations," said Kerry Rice, an analyst at investment bank Needham & Co, Kerry Raiss. "In the second quarter, PayPal has fallen to 23%, less than 24.1% in the first quarter, and less than his projected 25.8%," Rice said.

Donahoe John Donahoe, ebay's chief executive, is indifferent to Wall Street's concerns about ebay. "We have a strong core business and we feel good about our competitive edge and strength," he said in a Wednesday investor conference call. We are still confident that we can achieve the goals we set for ourselves. ”

ebay is in the market for an adjustment to the auction business, which includes improving search results and raising commissions to weaken the dominant Amazon dominance. Ebay's efforts have been partially successful. At the end of the second quarter, the total number of ebay users reached 119.7 million, up from 116.2 million at the end of March, up from 104.8 million a year earlier.

PayPal's second-quarter revenue rose 20% from a year earlier, to $1.62 billion trillion from $1.36 billion trillion. ebay's auction revenues rose to $2 billion trillion, up from $1.81 billion a year earlier. By 2015, ebay said the company expects active users to grow nearly one-fold, and turnover will rise from $175 billion trillion in 2012 to $300 billion.

PayPal has become the main engine of growth for ebay in recent years. PayPal is currently trying to expand its business to the physical store. Despite the rapid growth of online retailing, more than 90% of retail sales are still coming from physical stores.

Donahoe said he expects ebay will continue to expand its delivery service on the same day. Currently, ebay has launched the service in some U.S. cities. He said ebay's service on the same day will not only boost retail sales but also increase sales for individual sellers.

Less than market expectations

ebay's third-quarter revenue forecast was not up to market expectations, affected by the economic weakness in Europe and Asia. Ebay expects the company's third-quarter revenue to be $3.85 billion to $3.95 billion. According to Bloomberg statistics, market analysts are now on average expecting ebay's third-quarter revenue to be $3.97 billion trillion.

Donahoe has sought to develop overseas markets as online buyers become increasingly accustomed to buying goods from the Internet. Previously, ebay has increased the number of employees in emerging markets such as Russia and China. 2012, EBay 27% of the auction business revenue and more than 50% of PayPal revenue from the international business. It also makes ebay's auction business vulnerable to overseas market conditions. "The macroeconomic headwinds in Europe and South Korea will challenge the company's performance in the second half of the year," Donahoe said. ”

Benjamin Schacht Benjamin Schachter, Macquarie Securities analyst, said that without the impetus of the growth catalyst, we expected ebay's share price to rise in the short to medium term. ebay's share price rose 0.16 dollars in the conventional trading in the Nasdaq stock Exchange in Wednesday, up 0.29% to $54.64. In subsequent trading, ebay's share price fell 3.64 U.S. dollars, down 6.34%, to $54.64, after failing to reach market expectations. For the past 52 weeks, ebay's lowest share price was $39.07, with a maximum of $58.04. ebay's share price has risen 13% per cent this year, underperforming the 18% per cent increase in the standard and Poole 500 index. ebay's share price has risen 92% since Donahoe became chief executive of the company in 2008.