Following strong results this past holiday season from online (and offline) retailers, eBay was expected to deliver strong earnings for the fourth quarter of 2011--and it did.
eBay reported a fourth quarter net income of $2.0 billion, or $1.51 a share (statement). Non-GAAP earnings were 60 cents a share on a revenue of $3.38 billion and a non-GAAP net income of $788.6 million.
Wall Street was expecting eBay to report fourth quarter earnings of 54 cents a share on revenue of $3.32 billion.
For 2011 overall, eBay produced $11.7 billion in revenue--a 27 percent … Read more