EBAY 'said' they reiterated, but I went back and checked:
They actually guided lower 1 week after their earnings on Oct 16th.
If the analysts missed it, it's because they wanted to.
October 16th they said earnings to be 21 cents per share in the quarter, and 72 cents for the year. Analysts expected EBay to earn 21 cents in the fourth quarter and 75 cents for the year.
Now they 'reiterate'
earnings per share for 4th quarter could be as high as 19 cents. For the year, the company said revenue could be up to $2.1 billion, with EPS of 65 cents.
Reuters
UPDATE - Ebay reiterates 2003, 2004 guidance
Wednesday October 29, 4:09 pm ET
(Adds 2003, 2005 guidance, stock price)
LOS ANGELES, Oct 29 (Reuters) - Online auctioneer Ebay Inc. (NasdaqNM:EBAY - News) on Wednesday reiterated its fourth quarter, fiscal 2003 and fiscal 2004 earnings and revenue guidance.
At an analysts' day in San Jose, Ebay said fourth-quarter revenue could be as high as $590 million and earnings per share could be as high as 19 cents. For the year, the company said revenue could be up to $2.1 billion, with EPS of 65 cents.
Now for the report only a week ago:
EBay also expects net income, excluding certain items, to be 21 cents per share in the quarter, and 72 cents for the year. Analysts expected EBay to earn 21 cents in the fourth quarter and 75 cents for the year.
marketwatch.com.
Somebody is conning us. Down .02 for the quarter and .10 for the year
Fred |
