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Tuesday, April 29, 2014

$ebay decent but they managed to confuse

Solid numbers and growth, but they managed to create head scratchers with respect to guidance and a tax charge. 

The next quarter guidance was in-line-to-lower than expectations. A penny shy of the consensus non-GAAP. 

Backing out the tax provision, it had a $0.68 GAAP eps. For the next quarter, it expecting flat growth via GAAP eps. (Prob the negative dragging the stock down.)

The quarter was decent, but obviously not gang busters. 

Still justifies the stock to be near 56-60.

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