• Company News: eBay (EBAY) quarterly results beat analysts’ forecasts

Market news

24 April 2019

Company News: eBay (EBAY) quarterly results beat analysts’ forecasts

eBay (EBAY) reported Q1 FY 2019 earnings of $0.67 per share (versus $0.53 in Q1 FY 2018), beating analysts’ consensus of $0.63.

The company’s quarterly revenues amounted to $2.643 bln (+2.4% y/y), beating analysts’ consensus estimate of $2.580 bln.

The company also issued guidance for Q2, projecting EPS of $0.61-$0.63 (versus analysts’ consensus estimate of $0.60) and revenues of $2.64-$2.69 bln (versus analysts’ consensus estimate of $2.65 bln).

For FY 2019, the company sees EPS of $2.64-$2.70 (versus analysts’ consensus estimate of $2.67) and revenues of $10.83-$10.93 bln (versus analysts’ consensus estimate of $10.85 bln).

EBAY rose to $38.01 (+3.65%) in pre-market trading.

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