Shares of online auction giant eBay surged after the company beat quarterly earnings forecasts, and its chief executive told CNBC the company's annual performance was boosted by a strong fourth quarter and improving fundamentals.
"2006, I think in many ways, was a pivotal year for eBay," said CEO Meg Whitman, appearing on CNBC's "Squawk on the Street" on Thursday. "We started out strong, had some challenges in the middle of the year that we overcame, and ended strong."
EBay reported fourth-quarter results on Wednesday evening that beat Wall Street expectations on an apparent stabilization of growth for its auctions business.
"The core underlying health of the market was very, very strong, not only in the United States but also in Germany and the UK," Whitman told CNBC.
Some analysts also cited the company's 2007 earnings view, which was at the high end of estimates, as grounds for renewed optimism for the stock.