
EBAY Preview: Shaking Things Up, but Trouble at the Core

By Ben Thomas
About this article:
eBay is slated to report earnings after the close Wednesday with a conference call scheduled for 4:30 p.m. EDT. Current projections call for the company to post EPS of 33 cents on total revenue of $1.95 billion. The company's initial first-quarter guidance was for 32 cents to 34 cents.
Recently, the company has been executing a strategy of divesting (or planning to divest) non-core assets such as StumbleUpon and Skype (which the company announced would be spun out in an IPO in 2010). It's not all divesting, however, as the company also recently announced its offer to purchase Gmarket from Yahoo!, which gives eBay better access to a fast-growing South Korean market.
On the call, I'll be listening for other comments on the new direction that the company is taking and how management envisions eBay 12 to 18 months from now.
The core of...

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