Company News: eBay (EBAY) quarterly earnings beat analysts’ expectations

Market news

18 July 2019

Company News: eBay (EBAY) quarterly earnings beat analysts’ expectations

eBay (EBAY) reported Q2 FY 2019 earnings of $0.68 per share (versus $0.53 in Q2 FY 2018), beating analysts’ consensus of $0.62.

The company’s quarterly revenues amounted to $2.687 bln (+1.8% y/y), generally in line with analysts’ consensus estimate of $2.673 bln.

The company also raised FY 2019 EPS guidance to $2.70-2.75 from prior guidance of $2.64-2.70 (versus analysts’ consensus estimate of $2.70) but lowered FY 2019 revenues guidance to $10.75-10.83 bln from $10.83-10.93 bln (versus analysts’ consensus estimate of $10.92 bln).

EBAY rose to $41.14 (+5.41%) in pre-market trading.

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