Yahoo Finance's Jared Blikre takes a look at what's triggering the slide.
SEANA SMITH: Ebay is out with its earnings results, the stock taking a hit after hours. Jared, what do you have?
JARED BLIKRE: Yeah, I'm seeing it down a couple of percentage points. And after I was trading, it was a beat on both the top and bottom lines, but the guidance was a little bit weak, short of what Wall Street was expecting. Let's go through those numbers right now. Adjusted EPS from continuing operations came in at $0.90 for the quarter. Estimate was a penny lower at $0.89. Net revenue, $2.50 billion. Estimate was for slightly lower, $2.46 billion.
And then the key stat of gross merchandise volume, that came in at 19.45 billion, just edging out the estimate of 19.12 billion from the Street. Active buyers, though, was a disappointment. This is another key stat, coming in at 154 million for the quarter. The estimate was for higher, materially higher, 166.7 million. And then in terms of their guidance for the fourth quarter, they are seeing adjusted EPS from continuing operations of $0.97 to $1.01. The estimate was for $0.99, so not really meeting the midpoint there.
And then also, they're seeing fourth quarter net revenue, $2.57 billion to $2.62 billion. Estimate was for higher, $2.65 billion. So it was a miss there as well. So the headline numbers, OK. The beats, OK. But when you dig down into the report, seeing a little bit of weakness there for eBay.