eBay CEO Reports Record Holiday Numbers
eBay (NASDAQ:EBAY) is up 4 percent after CEO John Donahoe layed out some of the company’s
holiday season online metrics in an earnings release conference call Wednesday.
Donahoe says the company, which now has more than 100 million active accounts and users, had 35 percent revenue growth in the fourth quarter, partially due to record holiday traffic. The company had more than 10,000 transactions per minute during peak periods on Cyber Monday, and consumers shelled out $180 per second through eBay mobile apps over the holidays.
Plans continue, says Donahoe, to expand new PayPal point-of-sale retail locations, which will allow shoppers to pay using a PayPal card or by entering their mobile phone number and PIN. In-store tests have already begun, with a pilot program launching this week in 51 Home Depot (NYSE:HD) stores.
Here’s how shares of eBay are reacting to the news:
eBay Inc. (NASDAQ:EBAY): EBAY shares recently traded at $31.57, up $1.23, or 4.05%. They have traded in a 52-week range of $26.86 to $35.35. Volume today was 20,500,948 shares versus a 3-month average volume of 11,167,300 shares. The company’s trailing P/E is 23.03, while trailing earnings are $1.37 per share.