Analysts forecast EBay's solid U.S. sales in Q4January 18, 2012 - 17:28 AMT PanARMENIAN.Net - EBay likely saw solid U.S. sales over the holidays, analysts say, which should bode well for the e-commerce and online payments company's fourth-quarter results, scheduled to be released after the market closes on Wednesday, January 18. But the economic turmoil in Europe is likely to wear on eBay's outlook for 2012, AP reports. Benchmark analyst Frederick W. Moran said a "strong domestic holiday season could spark eBay's U.S. marketplace to show growth at least as fast as overall U.S. ecommerce." But he added that weakening economic indicators in Europe could dampen eBay's guidance for this year. "Even Europe's most impressive economy, Germany may show little growth in 2012," Moran wrote in a note to investors, adding that Germany is eBay's largest market in Europe. Analysts, on average, are expecting earnings of 57 cents per share on revenue of $3.32 billion, according to a poll by FactSet. In October, eBay forecast adjusted earnings of 55 cents to 58 cents per share, on revenue of $3.2 billion to $3.35 billion. Citi Investment Research analyst Mark S. Mahaney says that the softness in Europe, a key market for eBay, will likely limit the chances that the results will beat estimates. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Welcome to CaseKey 2024. Byblos Bank Armenia firmly stands by future innovators Strategic business cases, invaluable experience, innovative approaches and more than 25 events are in store for the participants of CaseKey 2024. Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. |