Shares of eBay Inc. fell 3% in after-hours trade Wednesday after the company reported earnings and provided an in-line guidance for the new fiscal year. The online marketplace reported adjusted net income of $538 million, or 49 cents a share, compared with $550 million, or 47 cents a share, in the year-earlier period. Analysts surveyed by FactSet were calling for earnings of 48 cents a share. Revenue for the period increased slightly to $2.2 billion from $2.1 billion, in-line with analyst expectations. For the full year, eBay said it anticipating earnings per share between $1.98 and $2.03 a share, which brackets the FactSet forecast of $2.02. It sees revenue in the range of $9.3 billion to $9.5 billion, in-line with the Wall Street guidance of $9.4 billion. EBay said it added 2 million active buyers during the quarter, bringing its total user base to 169 million. Shares of eBay traded down around $33.09 in after-hours trade. The stock has gained 10.2% in the past three months and 39.3% in the past year. The S&P 500 is up 3.3% in three months and 11.3% in the past twelve.
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