EBay reported holiday quarter earnings and revenue that were in line with analysts' expectations but the company's guidance fell short of estimates on Wednesday.
After the earnings announcement, eBay stock initially ticked lower but later turned positive in extended-hours trading. (Click here to get the latest quotes for the company's shares.)
Net income fell to $751 million, or 57 cents per share, from $1.98 billion, or $1.51 a share.
Excluding charges for stock-based compensation, amortization and $31 million in restructuring expenses, the online marketplace earned $927 million, or 70 cents per share, up from $789 million, or 60 cents a share, in the year-earlier period.