Even though eBay Inc. did well in the fourth quarter and also introduced its first ever dividend this was overshadowed by the forecast for the March quarter which was below estimates and disappointing growth in revenues during the holiday quarter.
San Jose
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Even though eBay Inc. did well in the fourth quarter and also introduced its first ever dividend this was overshadowed by the forecast for the March quarter which was below estimates and disappointing growth in revenues during the holiday quarter.
The negatives
The shares were down a full one percent in after hours trading subsequent to a move up after the company announced it would be paying a dividend of 14 cents a share each quarter.
The company is facing demands from activist shareholders that they sell some divisions and restructure as the company is facing fierce competition from other online retailers such as Amazon.
Even though more buyers are using the eBay platform the company reported consumer spending was slow during the busy shopping period.
Detailed figures presented a bit more optimistically can be found here, with the article pointing out: « Gross revenues of $2.
