NEW YORK (TheStreet) -- eBay (EBAY) rose in after-hours trading on Wednesday despite the company's second-quarter earnings report and third-quarter guidance that came up shy of analysts' expectations.
The online marketplace reported earnings of 69 cents a share, excluding items, on revenue of $4.37 billion. Analysts had expected earnings per share of 68 cents on revenue of $4.38 billion.
eBay also issued third-quarter EPS guidance in the range of 65 cents to 67 cents, compared to the consensus estimate of 70 cents. The company also expects third-quarter revenue of $4.3 billion to $4.4 billion, just shy of analysts' estimates of $4.42 billion.
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The stock was up 1.08% to $51.25 at 4:24 p.m.
Separately, TheStreet Ratings team rates EBAY INC as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."