eBay v Amazon 1st Quarter 2010

eBay v Amazon 1st Quarter 2010
22 April 2010
EventHorizon1984

eBay

During Meg Whitman's term as eBay CEO, Jeetil Patel of Deutsche Bank AG posted an October 2007 "sell" rating on eBay.  A daring call given eBay's stock rose to 39.66 by 1 October 2007.

John Donahoe became eBay CEO on 31 March 2008.  At the close of that last day of the 1st Quarter, eBay stock stood at 29.84.   By 4 April 2010 eBay stock rose to 32.94. 

Move forward two years, and on 31 March 2010 eBay stock was priced at 26.97.  Down 18% from 31 March 2008.

A bit over two years later and a day after eBay's 1st Quarter 2010 Earnings Call, eBay stock stands at 24.78. With an average daily volume of 16.4 million shares, 55.6 million shares were traded.

The Zacks article eBay Grows, Sans Skype gives a detailed break down of eBay's 1st Quarter numbers.  They describe it as "a solid balance sheet", but end with "We have a Neutral rating on eBay shares."

eBay's "Gross revenue of $2.20 billion was down 7.4% sequentially and up 8.7% year over year."

Amazon

Interestingly the stock of eBay's competitor Amazon sat at 76.87 on 31 March 2008, and 135.77 on 31 March 2010.  Up 76% from 31 March 2008. 

On the day of Amazon's Earnings Call, Amazon stock stood at 150.09.  Average daily volume of 9.2 million shares with 13.6 million shares traded.

According to John Paczkowski's article "Amazon Profits Surge", Amazon's "Revenue grew 46 percent to $7.13 billion."

eBay v Amazon

At this point we're thinking the classic quote,

"I'm laughing at the superior intellect",

applies.

[Jeff Bezos photo from Digital Daily - Amazon Profits Surge]

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