On Thursday, Shares of eBay Inc. (NASDAQ:EBAY), gained 3.77% to $58.89.
eBay, stated that revenue for the first quarter ended March 31, 2015 raised to $4.45 billion. GAAP earnings were $626 million or $0.51 per diluted share, and Non-GAAP earnings were $943 million or $0.77 per diluted share, driven by transaction growth and expense control.
PayPal net total payment volume (TPV) grew 18% in the first quarter to $61 billion, with Merchant Services volume up 26% and on-eBay volume down 1%. Payment volume through eBay Marketplaces was $15 billion, representing 24% of total TPV. Revenue grew to $2.1 billion. PayPal gained 3.6 million new active accounts in the quarter, up 11% to 165 million, and processed more than 1 billion transactions in the quarter, up 24%. PayPal deepened its customer engagement with transactions per active account increasing to 23 in the quarter and monetization per active account increasing to $49. The strong, steady growth of PayPal’s customer base coupled with rising engagement reflects the growing popularity and relevance of the PayPal value proposition globally. The company declared two acquisitions to bolster and accelerate PayPal’s ability to partner with merchants and deepen its trusted relationship with consumers. The acquisition of Paydiant assists PayPal extend its mobile value proposition to the offline world for merchants and consumers while its acquisition of CyActive strengthens PayPal’s security capabilities and will act as the foundation of PayPal’s new security center of excellence.
eBay Marketplaces gross merchandise volume (GMV) declined 2%, with the strengthening dollar significantly impacting results. In the U.S., GMV was up 2%, while International volume was down 4%, producing $2.1 billion in revenue. On a fx-neutral basis, International GMV was up 7% and global GMV was up 5%. Marketplaces gained 2.1 million new buyers in the quarter, up 8% to 157 million. While active buyer growth continued to decline on a rolling 12-month basis, they are seeing signs that our business is stabilizing, with both three-month active buyer growth and FX neutral GMV growth flat at 5% on a sequential basis. Sold item growth improved sequentially to 9%. They are ongoing to invest to improve buyer and seller experiences and provide consistency across devices while building platform capability to improve traffic.
eBay Enterprise enabled its clients to grow same store sales 10% and generated gross merchandise sales (GMS) of more than $1 billion. Revenue grew to $288 million. We continue to explore planned options for eBay Enterprise. It is a strong business and a leading partner for large retailers, managing mission critical components of their e-commerce initiatives.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of C&J Energy Services, Ltd. (NYSE:CJES), gained 3.85% to $14.56, during its last trading session.
C&J Energy Services, declared recently that it will issue its first quarter 2015 financial and operating results on Wednesday, May 6, 2015, after the market closes. In conjunction with this release, C&J Energy Services has planned a conference call for 10:00 a.m. E.T. (9:00 a.m. C.T.) on Thursday, May 7, 2015, which will also be webcast live.
C&J Energy Services, Ltd. provides well construction, well completions, and well services to the oil and gas industry in the United States. The company operates through three segments: Stimulation and Well Intervention Services, Wireline Services, and Equipment Manufacturing.
At the end of Thursday’s trade, Shares of HMS Holdings Corp. (NASDAQ:HMSY), gained 3.83% to $17.88.
HMS Holdings, declared it will report first quarter 2015 financial and operating results at 7:30 am CT/8:30 am ET on Friday, May 8, 2015. Supplemental financial information, counting the press release and presentation, will be released at about 5:00 am CT/ 6:00 am ET and will also be accessible on the Company’s investor relations site at http://investor.hms.com/events.cfm.
HMS Holdings Corp., through its auxiliaries, provides healthcare insurance benefit cost containment services in the United States. The company’s coordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to coordinate benefits for incoming claims.
Finally, Patterson-UTI Energy Inc. (NASDAQ:PTEN), ended its last trade with 3.57% gain, and closed at $21.76.
Patterson-UTI Energy, stated financial results for the three months ended March 31, 2015. The Company stated net income of $9.1 million, or $0.06 per share, for the first quarter of 2015, contrast to net income of $34.8 million, or $0.24 per share, for the quarter ended March 31, 2014. Revenues for the first quarter of 2015 were $658 million, contrast to $678 million for the first quarter of 2014.
The financial results for the three months ended March 31, 2015 comprise a pretax non-cash charge of $3.4 million related to the impairment of certain oil and natural gas properties, and a $12.3 million charge, which is comprised of in selling, general and administrative expenses, and is related to our settlement with the EEOC. Collectively, these charges negatively influenced diluted earnings per share by $0.06 for the three months ended March 31, 2015. We also had $15.8 million of revenues from the early termination of drilling contracts that raised diluted earnings per share by $0.06 for the three months ended March 31, 2015. Taken together, the charges and early termination revenues reduced net income by less than $100,000, and diluted earnings per share remains $0.06 for the three months ended March 31, 2015 when all of these items are excluded from the calculation.
The Company declared a quarterly dividend on its common stock of $0.10 per share, to be paid on June 24, 2015 to holders of record as of June 10, 2015.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
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