eBay (EBAY) Beats Q2 Earnings, Up 5.5% on Raised Guidance
eBay Inc. EBAY just released its Q2 2016 earnings results, posting earnings of $0.36 per share and revenue of $2.23 billion.
Currently, EBAY has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
EBAY:
Beat earnings estimates. The company posted earnings of $0.36 per share (Excluding $0.02 from non-recurring items), matching our Zacks Consensus Estimate of $0.36.
Beat revenue estimates. The company saw revenue figures of $2.23 billion, beating our estimate of $2.17 billion.
“Q2 was another good quarter where we delivered strong results and had acceleration in growth,” said President and CEO Devin Wenig. He continued, stating that “We are now one year into executing our strategy to provide the best choice, the most relevance and the most powerful selling platform, and there are signs of momentum in our business.”
StubHub, which eBay acquired in 2007, notably increased in Gross Merchandise value by 35% to $1.1 billion and increased in revenue by 40% to $225 million in Q2. eBay also crossed the one billion live listings mark for the first time, a reflection of its “efforts to expand the breadth of selection offered to consumers,” according to their official announcement.
EBAY was up $1.43, or 5.5%, to $28.48 as of 4:36 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at EBAY’s latest earnings performance:
EBAY INC Price and EPS Surprise
EBAY INC Price and EPS Surprise | EBAY INC Quote
eBay Inc. operates e-commerce platforms that connect buyers and sellers worldwide. Its platforms enable sellers to organize and offer inventory for sale, and buyers to find and buy it virtually.
Check back later for our full analysis oneBay Inc.’s latestquarterly earnings report!
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