Summary
eBay Inc. (EBAY) filed an 8-K on October 18, 2006, to announce its financial results for the third quarter ended September 30, 2006. The report primarily directs investors to a furnished press release (Exhibit 99.1) which contains detailed financial information, including both GAAP and non-GAAP measures. Notably, the company disclosed its performance in terms of non-GAAP net income, earnings per diluted share, operating income, operating margin, effective tax rate, and free cash flows, while also providing figures that exclude stock-based compensation. The press release also includes forward-looking statements regarding eBay's financial outlook for the remainder of fiscal year 2006 and for the full year 2007. Investors are encouraged to review the full press release for a comprehensive understanding of these results and the accompanying forward-looking guidance, with the understanding that these non-GAAP measures may differ from those reported by other companies and should be considered alongside GAAP financials.
Key Highlights
- 1eBay Inc. announced its third-quarter 2006 financial results on October 18, 2006.
- 2The company furnished a press release (Exhibit 99.1) containing detailed financial results and forward-looking statements.
- 3The announcement includes several non-GAAP financial measures such as non-GAAP net income, EPS, operating income, and free cash flows.
- 4Results also exclude the impact of stock-based compensation and present corresponding percentages of net revenues.
- 5eBay provided forward-looking guidance for the remainder of fiscal year 2006 and the full year 2007.
- 6Investors are directed to the press release for reconciliations of non-GAAP measures to the nearest GAAP equivalents.
- 7The information is furnished and not deemed 'filed' for certain SEC purposes.