As the market closed on Wednesday, eBay Inc. (NASDAQ:EBAY) declared its 3^rd quarter results for 2014. Thomas Reuters prediction for the company’s per share earnings was $0.67, and $4.37 billion for the revenue. However, the earnings per share reported by the company were $0.68 and the revenue was reported to be $4.35 billion. Last year during the same quarter, eBay (NASDAQ:EBAY) declared its earnings per share to be $0.64 and the revenue was declared to be $3.89 billion.

For the fourth quarter revenues, eBay (NASDAQ:EBAY) gave directions for generating revenues of $4.85 billion, and the earnings per share to be between the range of $0.88 to $0.91.

For the current year, eBay (NASDAQ:EBAY) reduced its directions for generating revenue to a range of $17.85 billion to $17.5 billion. The previous revenue range was $18.0 billion to $18.5 billion. The revenue for the whole year, as estimated by consensus, is $18.15 billion. The share price in the premarket trading went down due to the lowered revenue generating directions provided by the company.

Earlier this year, eBay (NASDAQ:EBAY) announced its split from PayPal. By next year, the two companies will part ways. Carl Icahn, an activist investor is responsible for this split to some extent, as he had been pushing the deal since January. It is being said that the CEO of eBay (NASDAQ:EBAY), John Donahoe will not be the CEO of the company anymore, he will step down from his post, and will be part of the board for either one or both the companies. Devin Wenig, the current president of eBay (NASDAQ:EBAY) market places is likely to become the new CEO. Dan Schulman will serve as the CEO of PayPal. Schulman is currently the president enterprise growth group of American Express Co. (NYSE:AXP).

In the first quarter, PayPal generated $2 billion in revenues, and ended the quarter with registered accounts that summed up to 157 million, which is a 14% leap. The Marketplaces revenue of eBay (NASDAQ:EBAY) was $2.2 billion, and it attracted about 3.4 million active buyers.

Donahoe said that the competitive environment is going through rapid changes, in terms of commerce and payments. This underscores the opportunities for both eBay (NASDAQ:EBAY) and PayPal, and accentuates the benefit of the split for both companies. Donahoe also said that as eBay (NASDAQ:EBAY) and PayPal prepare to separate in 2015, the team members are trying their best to ensure that both companies part ways in a manner that prepares them for long-term success.

At RBC Capital Markets, the price target for eBay (NASDAQ:EBAY) was cut down to $55 from $62. Merill Lynch on one hand kept its Buy ratings the same, but reduced its price objective from $62 to $60. Following the capitulation of eBay (NASDAQ:EBAY), its shares have been dropping gradually.

On Wednesday, eBay’s (NASDAQ:EBAY) shares closed at $50.24. The analysts had a price target of $60.80 for the company’s shares, with a 52 week trading range of $48.06 – $59.70. On Thursday’s premarket trading, the shares were 3% lower at $48.71.

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