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In each of its last four quarters, eBay has posted double-digit year-over-year revenue growth. Looks like the company’s fourth quarter was no different.
After market close Wednesday, EBay reported fourth-quarter earnings of 70 cents per share on revenues of $3.99 billion.
Analysts had expected the eBay to earn 69 cents a share, excluding one-time items, on revenue of $3.97 billion. During the same period in 2011, eBay earned 60 cents a share on $3.4 billion in sales. So this quarter’s performance was was a dime better.
As in quarters past, eBay’s beat was was driven by the strong performance of its Marketplaces and Mobile business. Marketplaces saw growth in the United States increase three points. And as CEO John Donahoe pointed out in the company’s earnings release, Mobile really blew things out. “eBay mobile finished the year with $13 billion in volume – more than double the prior year – and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year,” Donahoe said. “In 2013, we expect each to exceed $20 billion.”
For fiscal 2012, the eBay’s revenue increased 17.8 percent to a total of $14.072 billion.
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