eBay Pops on Solid Q4 Results

Shares of eBay

are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 0.92%, trading at $30.62; they ended the regular session lower by 0.62%, at $30.34. eBay reported Q4 EPS of $0.60 on revenues of $3.4 billion. Revenues increased 35% year over year. "We had a strong fourth quarter finish to an excellent year, increasing our confidence in our three-year outlook," said eBay Inc. President and CEO John Donahoe. "Across eBay, PayPal, GSI and X.commerce, we have a robust portfolio of global commerce platforms and innovative mobile, local and social commerce technology assets. We are well-positioned to compete in the emerging new retail environment, and to help retailers of all sizes grow and engage their customers anytime, anywhere. We are a different eBay today, no longer just an ecommerce leader but a stronger, more diverse global commerce company shaping the future of shopping and payments." The company's PayPal business continued to expand its leadership position in global payments. PayPal ended the quarter with 106.3 million active registered accounts, a 13% increase year over year. On average, PayPal added a million new accounts every month in 2011. eBay Inc. bring together buyers and sellers every day on a local, national and international basis through a range of Websites.