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Last $62.00 USD
Change Today -0.56 / -0.90%
Volume 7.1M
EBAY On Other Exchanges
Sao Paulo
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

ebay inc (EBAY) Key Developments

eBay Inc. Announces Executive Changes

eBay Inc. announced the appointment of Daniel Tarman as eBay’s Chief Communications Officer following the separation of eBay and PayPal into two, independent publicly traded companies in the third quarter of 2015. Tarman will report to eBay CEO-designee Devin Wenig and become part of the company’s executive leadership team. Tarman joins eBay from PIMCO, where for the past eight years he served as Executive Vice President and Global Head of Corporate Communications. Reporting to the CEO, Tarman led brand and reputation management efforts for PIMCO. At eBay, Tarman will lead the global communications function responsible for brand and reputation management, employee communications, social innovation and the eBay Foundation. He will be replacing Alan Marks, Senior Vice President, Global Communications, for eBay Inc.

eBay Inc. Announces Executive Changes

eBay Inc., which is in the process of separating eBay and PayPal to create two independent publicly traded companies, announced the directors who will serve on the boards of each standalone company following the separation. Each director was re-elected to the eBay Inc. Board at the 2015 Annual Meeting of Stockholders in May 2015. As previously announced, the new eBay Board will be chaired by current eBay Inc. director Thomas Tierney. Following the separation, the eBay Board of Directors will consist of the following additional directors: Fred Anderson, Edward Barnholt, Anthony Bates, Bonnie Hammer, Kathleen Mitic, Pierre Omidyar, Bob Swan, Perry Traquina and Devin Wenig. Fred Anderson will serve as Chairman of the Audit Committee, Kathleen Mitic will be Chairwoman of the Corporate Governance and Nominating Committee, and Edward Barnholt will be Chairman of the Compensation Committee at eBay.

eBay Inc. Announces Earnings Results for the First Quarter of Fiscal 2015; Provides Earnings Guidance for the Second Quarter Ending June 2015 and Full Year of 2015

EBay Inc. announced earnings results for the first quarter of fiscal 2015. The company reported first-quarter net income of $626 million, after reporting a loss in the same period a year earlier. On a per-share basis, the company said it had net income of 51 cents. Earnings, adjusted for restructuring costs and stock option expense, came to 77 cents per share. The e-commerce company posted revenue of $4.45 billion, up by 4% as compared with $4.26 billion in first quarter of 2014 For the current quarter ending in June, 2015 eBay expects its per-share earnings to range from 71 cents to 73 cents. The company it expects revenue in the range of $4.4 billion to $4.5 billion for the fiscal second quarter. GAAP diluted EPS in the range of $0.44 to $0.49. EBay expects full-year 2015 earnings in the range of $3.05 to $3.15 per share, with revenue ranging from $18.35 billion to $18.85 billion. For the year, The company expects free cash flow to be between $1.7 billion to $1.9 billion, including one time costs associated with separation. the company continue to expect to generate approximately $4 billion in free cash flow for the year, with CapEx of 8% to 10% of revenue. CapEx in 2015 will be higher due to onetime costs associated with separating the businesses. GAAP diluted EPS in the range of $2.17 to $2.32.

eBay Inc. - Shareholder/Analyst Call

eBay Inc. - Shareholder/Analyst Call

eBay Inc. Announces Executives Appointments

eBay Inc. announced the appointment of three new executives who will fill key positions on CEO-designee Devin Wenig’s leadership team as the company prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015. Joining eBay are former Home Depot executive Harry “Hal” Lawton, who will head eBay North America; former Agilent Technologies executive Marie Oh Huber, who will become eBay’s General Counsel; and former NYSE executive Scott Cutler, who will lead StubHub. Lawton, who will be head of eBay North America, joins from Home Depot, where he has served as Senior Vice President (SVP) of Merchandising since 2013. Huber joins eBay from Agilent Technologies, where she served as Senior Vice President, General Counsel and Secretary since 2009, and as Vice President, Assistant General Counsel and Assistant Secretary from 2000 to 2009. Cutler, who will be President of eBay’s StubHub business, a global fan-to-fan ticket marketplace, most recently was Executive Vice President, Head of Global Listings, for the New York Stock Exchange.


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