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Ebay earnings: 68 cents per share, adjusted, vs. expected EPS of 67 cents

EBay shares fell in extended-hours trading Wednesday after the e-commerce company missed revenue expectations and handed in guidance that fell short of forecasts.

Shares dropped nearly 4 percent in extended-hours trading.

In comments after the filing, eBay executives blamed some of the slowdown on the cyberattack reported in May.

"We expect it will take longer and cost more" to recover from the cyberattack and SEO changes, an eBay executive said, according to Reuters.

The company reported earnings of 68 cents a share, excluding one-time items, edging past estimates by a penny a share. But the firm posted sales of $4.35 billion, missing expectations for $4.37 billion, according to a consensus estimate from Thomson Reuters.

Meanwhile, eBay said it expects to post current quarter earnings of between 88 cents a share and 91 cents a share, ex-items, on revenue of between $4.85 billion and $4.95 billion, falling short of estimates for 91 cents a share on sales of $5.16 billion.

"Rapidly changing competitive environments in commerce and payments underscore the opportunities for eBay and PayPal, and highlight how each business will benefit from the focus and agility of being an independent company," said eBay CEO John Donahoe in a press release. "PayPal had another strong quarter, and its mobile payments leadership and momentum continued with mobile volume up 72 percent to $12 billion."

On Sept. 30, eBay announced that it would separate its online auction website eBay and the PayPal payments arm into publicly traded companies. Earlier in the year, the firm had rebuffed pressure from activist Carl Icahn to split the company and even won a proxy fight, but officials decided a few months later during an annual strategic review that separation was beneficial.

CEO John Donahoe will step down as eBay's CEO in 2015, when the split takes effect.

Both Icahn and hedge fund Third Point have significant positions in eBay and were pleased with the PayPal spinoff.

PayPal facilitates one in every six dollars spent online, a release on the split said, with total payments volume over the last 12 months increasing 26 percent to $203 billion. The digital payments service operates fully localized in 26 currencies, serves 203 markets worldwide, and maintains relationships with 15,000 financial institutions.

The release noted that eBay has 149 million active buyers and more than 700 million live listings at any given time. The company also said it has an installed mobile base of 200 million apps, generating $20 billion in mobile volume.

—Reuters contributed to this report.