2 Stocks Popular Among Investors and Traders After Earnings
eBay Inc. (NASDAQ:EBAY) reported net income above Wall Street’s expectations for the fourth quarter. Net income for eBay Inc. rose to $1.98 billion ($1.51 per share) vs. $559.2 million (42 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter. Revenue rose 35.5% to $3.38 billion from the year earlier quarter. EBAY reported adjusted net income of 60 cents per share. By that measure, the company beat the mean estimate of 55 cents per share. Analysts were expecting revenue of $3.32 billion.
“We had a strong fourth quarter finish to an excellent year, increasing our confidence in our three-year outlook,” said eBay Inc. President and CEO John Donahoe. “Across eBay, PayPal, GSI and X.commerce, we have a robust portfolio of global commerce platforms and innovative mobile, local and social commerce technology assets. We are well-positioned to compete in the emerging new retail environment, and to help retailers of all sizes grow and engage their customers anytime, anywhere. We are a different eBay today, no longer just an ecommerce leader but a stronger, more diverse global commerce company shaping the future of shopping and payments.”
Competitors to Watch: Amazon.com, Inc. (NASDAQ:AMZN), GSI Commerce, Inc. (NASDAQ:GSIC), Liquidity Services, Inc. (NASDAQ:LQDT), Google Inc. (NASDAQ:GOOG), Overstock.com, Inc. (NASDAQ:OSTK), BIDZ.com, Inc. (NASDAQ:BIDZ), Gaiam, Inc. (NASDAQ:GAIA), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) and HSN, Inc. (NASDAQ:HSNI).
SLM Corporation (NYSE:SLM) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the credit services company rose to $511 million (99 cents per share) vs. $447.4 million (84 cents per share) in the same quarter a year earlier. This marks a rise of 14.2% from the year earlier quarter. SLM beat the mean analyst estimate of 50 cents per share.
“We achieved each of 2011′s major objectives – significant lending growth, reduced operating expense, higher fee income; we also reinstated quarterly dividend payments and began to repurchase shares,” said Albert L. Lord, vice chairman & CEO, Sallie Mae. “The franchise is strong and positioned for solid earnings growth in 2012.”
Competitors to Watch: Nelnet, Inc. (NYSE:NNI), The Student Loan Corp. (NYSE:STU), Discover Financial Services (NYSE:DFS), American Express Company (NYSE:AXP), The First Marblehead Corp. (NYSE:FMD), Federal National Mortgage Association (FNMA), QC Holdings, Inc. (NASDAQ:QCCO), Advance America, Cash Advance Centers (NYSE:AEA), World Acceptance Corp. (NASDAQ:WRLD), and Federal Home Loan Mortgage Corp (FMCC).