SAN JOSE, Calif. (AP) — EBay Inc. expects its revenue and profit to keep heading higher in the coming years as its e-commerce business and fast-growing PayPal payments service continues to expand.
EBay Inc. said Thursday that it expects revenue to reach $21.5 billion to $23.5 billion in 2015, up from $14.1 billion in 2012. Analysts are expecting $21.4 billion, according to FactSet.
The San Jose, Calif.-based company expects adjusted earnings per share to grow by 15 to 19 percent from 2012 to 2015.
The company says PayPal revenue will hit $9.5 billion to $10.5 billion in 2015.
In a meeting with financial analysts Thursday, eBay said it is focused on growing its mobile commerce business and other technologies to "enable new experiences for consumers and retailers."
"Led by mobile, a commerce revolution is under way," said president and CEO John Donahoe in a statement, adding that new technologies "will expand shopping beyond conventional store environments and e-commerce sites."
EBay forecast that $300 billion of commerce and payment volume will go through all of its business units in 2015, up from $175 billion last year.
Some investors had been worried about the company's long-term outlook that was expected to be announced Thursday and sent shares lower earlier this week. EBay's stock closed up more than 4 percent at $54.22 on Thursday and added another 17 cents in after-hours trading.