eBay online-auction will pay dividends to shareholders for the first time
In the IV quarter of 2018 the world’s largest Internet-auction eBay Inc received $760 million net profit.
In October-December, eBay received $760 million net profit, or 80 cents per share, compared with $2.6 billion loss, or $2.51 per share, for the same period previous year, as reported in the company’s accounting, referenced by Interfax. In the past quarter, the company increased revenue by 6%, to $ 2.88 billion. The purchases total volume made in the last quarter grew by 1%, to $24.64 billion.
eBay’s adjusted profit rose from 59 to 71 cents per share. Analysts polled by FactSet agency predicted adjusted profit in the amount of 68 cents per share on $2.86 billion revenue.
In 2019, eBay expects to receive adjusted profit in the amount of $2.62-2.68 per share on $10.7-10.9 billion revenue.
The eBay management made a decision – will pay dividends for the first time – shareholders will receive 14 cents per share on March 20. In addition, the company increased the share repurchase program by $4 billion. The company expects to return to shareholders about $7 billion in dividends and shares’ repurchase form in 2019-20, including $5.5 billion in 2019.
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