Analysts were expecting eBay (NSDQ: EBAY) to post a loss in Q408, and the e-commerce giant did: net income came in at $367 million, or $0.29 per sharedown 31 percent from $531 million in Q407. Revenues reflected a poor holiday shopping season, coming in at $2.04 billion, down 7 percent from $2.1 billion in Q407. Wall Street expected an EPS of $0.39 on revenue of $2.1 billion, per Marketwatch, which cited consensus estimates from FactSet Research.
Skype : Skype's Q4 revenues came in at $145 million, up 26 percent year-over-year; but up marginally sequentially. The company said it added 35 million new users over the quarter.
Ebay shares were down $0.78, or 5.95 percent, in after hours trading, wiping out the gains it made before the close.
More to come.
By Tameka Kee