EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2017
January 25, 2017 at 04:30 pm
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eBay Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net revenues were $2,395 million against $2,322 million a year ago. Income from operations was $638 million against $662 million a year ago. Income from continuing operations before income taxes was $2,004 million against $650 million a year ago. Income from continuing operations was $5,948 million or $5.31 per diluted share against $523 million or $0.43 per diluted share a year ago. Net income was $5,936 million or $5.30 per diluted share against $477 million or $0.39 per diluted share a year ago. Net cash provided by operating activities was $620 million against $1,040 million a year ago. Purchases of property and equipment were $136 million against $129 million a year ago. Non-GAAP operating income was $764 million against $799 million a year ago. Non-GAAP operating income from continuing operations was $126 million against $137 million a year ago. Non-GAAP net income from continuing operations was $601 million or $0.54 per diluted share against $600 million or $0.50 per diluted share a year ago.
For the year, the company reported net revenues were $8,979 million against $8,592 million a year ago. Income from operations was $2,325 million against $2,197 million a year ago. Income from continuing operations before income taxes was $3,651 million against $2,406 million a year ago. Income from continuing operations was $7,285 million or $6.37 per diluted share against $1,947 million or $1.60 per diluted share a year ago. Net income was $7,266 million or $6.35 per diluted share against $1,725 million or $1.42 per diluted share a year ago. Net cash provided by operating activities was $2,826 million against $4,033 million a year ago. Purchases of property and equipment were $626 million against $668 million a year ago. Non-GAAP operating income was $2,790 million against $2,881 million a year ago. Non-GAAP operating income from continuing operations was $465 million against $684 million a year ago. Non-GAAP net income from continuing operations was $2,156 million or $1.88 per diluted share against $2,232 million or $1.83 per diluted share a year ago.
For the first quarter of 2017, the company expects net revenue between $2.17 billion and $2.21 billion, representing FX-Neutral growth of 4% to 6%, with non-GAAP earnings per diluted share from continuing operations in the range of $0.46 to $0.48 and GAAP earnings per diluted share from continuing operations in the range of $0.25 to $0.40.
For the full year of 2017, the company expects net revenue between $9.3 billion and $9.5 billion, representing FX-Neutral growth of 6% to 8%, with non-GAAP earnings per diluted share from continuing operations in the range of $1.98 to $2.03 and GAAP earnings per diluted share from continuing operations in the range of $1.20 to $1.40.
eBay Inc. is the leading online marketplace. The group operates a computer platform that allows individuals and professionals to conduct their purchasing and selling transactions for goods and services. The activity is ensured through many Internet sites (ebay.com available in several languages, half.com, rent.com, shopping.com, kijiji.com, mobile.de and marktplaats.nl).
Net sales are distributed geographically as follows: the United States (49.4%), the United Kingdom (16.1%), Germany (10.5%) and other (24%).
EBay Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2017