The San Jose, Calif., company also said it would share an update on StubHub before the next earnings release.
Ebay reported third-quarter net income of $310 million, or 37 cents a share, compared with $721 million, or 73 cents, in the year-earlier period. Adjusted earnings were 67 cents, surpassing analysts' forecast of 64 cents.
Revenue was flat at $2.65 billion, matching Wall Street's expectation.
Looking to the fourth quarter, EBay said it expected adjusted earnings of 73 cents to 76 cents a share and sales ranging $2.77 billion to $2.82 billion. Analysts are looking for earnings of 76 cents and sales of $2.85 billion.
For the full year 2019, the company said it expected earnings to range from $2.75 to $2.78 on sales between $10.75 billion and $10.8 billion.
Baird analyst Colin Sebastian noted that eBay's solid three-quarter results were "overshadowed by soft growth outlook."
Raymond James analyst Aaron Kessler downgraded eBay's rating to market perform from outperform while maintaining his price target of $45 a share. Kessler cited softness in eBay's marketplace gross merchandise volume, slower growth in StubHub and Classifieds, and disappointing 2020 guidance.
Benchmark analyst Dan Kurnos said "C-Suite uncertainty, coupled with a plodding first step toward a healthier balance of growth and profitability, is likely to fan the flames of the doubters." He maintained his buy rating on the company but trimmed his target price to $45 from $47 a share.
Last month, eBay said Devin Wenig, president and CEO, was stepping down. Scott Schenkel, the company's senior vice president and chief financial officer, was named interim CEO.
The move followed pressure from activist investors including Elliott Management, which has been pushing eBay to sell some divisions and streamline operations to save costs and boost revenue. Among the ideas: spinning off PayPal (PYPL) - Get Free Report as a stand-alone company.
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