We just got earnings out of online auction giant eBay Inc. (NASDAQ: EBAY).  The company posted $0.43 EPS (non-GAAP) and $2.2 Billion in revenues, which compares to First Call estimates of $0.41 EPS on $2.17 Billion in revenues.

The company gave guidance of $0.39 to $0.41 EPS and $2.1 to $2.15 Billion revenues and gave 2008 guidance of $1.72 to $1.77 EPS and $8.8 to $9.05 Billion revenues.  First Call had estimates of $0.41 EPS and $2.18 Billion in revenues for next quarter and $1.74 EPS and $9.01 Billion in revenues for the full year.

It ended with $3.7 Billion in cash and equivalents at the end of the quarter and spent roughly $566 million to repurchase 19 million shares of common stock during the quarter.  Operating cash flow in the quarter was $738 million and free cash flow was $617 million.

Many traders had high demands for the online auction giant but its shares closed up 4.5% at $28.10 on a strong day.  Its shares are initially trading DOWN by 5% at $26.70 in after-hours trading and its 52-week trading range is $25.10 to $40.73.

Jon C. Ogg
July 16, 2008