EBay Earnings Top Forecasts; Outlook Is In-Line

EBay reported quarterly earnings that edged past forecasts and its outlook was in-line with expectations.

After the earnings announcement, shares of the online auctioneer (EBAY) fell in trading after the closing bell.

The company posted third-quarter earnings excluding items of 55 cents per share, up from 48 cents a share in the year-earlier period.

Revenue increased to $3.40 billion from $2.97 billion a year ago.

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Analysts had expected the company to report earnings excluding items of 54 cents a share on $3.41 billion in revenue, according to a consensus estimate from Thomson Reuters.

Its fourth-quarter guidance was in-line with estimates: Earnings of 66 to 69 cents a share on revenue of $3.85 billion to $4 billion. Analysts currently expect EPS of 68 cents on revenue of $3.94 billion.


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